To: Silver_Bullet who wrote (9724 ) 12/1/2002 11:28:22 AM From: tsigprofit Respond to of 48461 ASTM - DARPA info.. Just an update on ASTM. I had posted about DoD funding, but I looked back for the link after I got a private email, and see it is actually DARPA - which is the research arm of defense... Here's an excerpt from September: Aastrom Biosciences Receives $0.9 Million Grant From DARPA for Immune System Research WEDNESDAY, SEPTEMBER 18, 2002 8:02 AM - PR Newswire ANN ARBOR, Mich., Sep 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- Aastrom Biosciences, Inc. (ASTM) announced that it was awarded approximately $897,000 of a collaborative grant by the Defense Advanced Research Projects Agency (DARPA) providing funding over an 18 month period for the research and development of a system to engineer human stem cells into an artificial immune system. In addition to Aastrom, the multi-disciplinary team working on this project includes researchers from Florida State University and Tulane University, and is being led by scientists at the Ohio State University Research Foundation. A total grant of approximately $3.7 million was awarded to support the efforts of the collaborative scientific and engineering team involved in this research project, subject to appropriate progress as determined by DARPA. DARPA structured this Engineered Tissue Constructs program into two phases. The current grant supports Phase I, intended to establish the reliable differentiation of human stem cells into multiple immune functions within a 3-D culture system. Under a separate request, Phase II of the program will focus on the continuation of Phase I technologies. I'm following William's lead here, and figure defense money is a vote of confidence in the company right now. Also - I'm looking to hold both STEM and ASTM for the long-term - 3-5 years or more - of course I will sell if we see big spikes, and buy on dips - regular rat stuff. I figure one of these two will survive, and I want to be in this area going forward. A few more days like last week on ASTM would be great, right? Matt