Athersys Inc

Overview
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Cell & Gene Therapy?
Product stageSegments
Go-to-Market
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Stem cell therapy
?

Athersys is a cell therapy manufacturer that provides stem cell-based therapeutics for neurological, inflammatory and immune, and cardiovascular-related diseases. The company is publicly listed on the Nasdaq under the symbol “ATHX.” The company’s stem cell-based solutions fall under the brand name “MultiStem,” where the therapeutic is introduced intravenously for the downregulation of pro-inflammatory processes and upregulation of reparative immune responses to promote recovery. 

As of May 2024, the company had seven drug candidates in its clinical pipeline. Three are for the treatment of Ischemic Strokes, with all three candidates being either in Phase II or higher. One candidate, being developed for the treatment of trauma, is in the process of patient enrollment as a part of Phase II. Finally, Athersys’ final three candidates are being developed to treat Acute Respiratory Distress Syndrome (ARDS), and all candidates are in Phase II or higher stages of their clinical trials. The company additionally is developing cell-based therapies for animal health. 

Key customers and partnerships

As of August 2023, the company was co-developing two drug candidates, one for the treatment of Ischemic Strokes and for the treatment of ARDS, with Japanese biotechnology provider Healios K.K. to be used exclusively in Japan. The companies originally partnered in August 2021, where Healios was additionally tasked with obtaining regulatory approval for the use of Athersys’ MultiStem solutions in Japan. 

HQ location:
3201 Carnegie Avenue Cleveland OH USA
Founded year:
1995
Employees:
11-50
IPO status:
Public
Total funding:
USD 208.9 mn
Last Funding:
USD 3.7 mn (Post IPO Equity; Apr 2023)
Last valuation:
-
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