StemCells raises cash, brings spinal cord injury study to US

StemCells Inc has $16.2m in new capital and plans to start two or three controlled Phase II clinical trials next year, but first the Newark, California-based company must finish two Phase I/II clinical trials evaluating its HuCNS-SC human neural stem cells and stay ahead of a stem cell therapy for spinal cord injuries that may return to the clinic in 2014.