Bio-Matrix Scientific Group Attends the Stem Cell Conference.SAN DIEGO -- Bio-Matrix Scientific Group Inc. (Pink Sheets:BMXG) attended the Stem Cell stem cell In living organisms, an undifferentiated cell that can produce other cells that eventually make up specialized tissues and organs. There are two major types of stem cells, embryonic and adult. Conference. The conference represented the initial roll-out of Proposition 71, which was approved by California voters creating a $3 billion fund for stem cell research last November. Bio-Matrix Scientific Group's President Brian Pockett was one of the Company's attendees. Mr. Pockett said, "The conference was exciting, unveiling California's plans for stem cell research grants. Everyone there was enthusiastic about the future." Mr. Pockett noted that Proposition 71 calls for making $295 million available for stem cell researchers every year for next 10 years. The California Institute for Regenerative Medicine The California Institute for Regenerative Medicine (CIRM) was created by California's Proposition 71 (2004), which authorized it to issue $3 billion in grants, funded by bonds, over ten years for embryonic stem cell and other biomedical research. hopes to have the first grants in place to companies by May 2005. Grant money will be available for Embryonic Research, Adult Stem Cell Adult stem cells are undifferentiated cells found throughout the body that divide to replenish dying cells and regenerate damaged tissues. Also known as somatic (from Greek Σωματικóς, of the body Research, Research Devices and for building Research Labs in the State of California. Bio-Matrix Scientific will be applying for grants for its Stem Cell Research and Research Devices. Dr. Philip Watts, Director of Research and Development, will be heading up the team of researchers for Bio-Matrix Scientific. Scientists have stated that stem cells stem cells, unspecialized human or animal cells that can produce mature specialized body cells and at the same time replicate themselves. Embryonic stem cells are derived from a blastocyst (the blastula typical of placental mammals; see embryo), which is very young may be used one day to treat diabetes, Parkinson's disease, and heart and spinal injuries. About Bio-Matrix Scientific Group Inc.: Bio-Matrix Scientific Group Inc. is a development stage company in the business of medical devices and monitoring systems research, development and commercialization. Bio-Matrix Scientific Group Inc. is aligning itself with partners that offer key technologies in biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. device development, tissue engineering, cell culturing, genome therapy and drug delivery systems. Other companies in the same industry as Bio-Matrix Scientific Group Inc. (Pink Sheets:BMXG) are StemCells Inc. (Nasdaq:STEM) and Cryo-Cell International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCEL CCEL Christian Classics Ethereal Library ). DISCLAIMER: This news release contains forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks. |
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