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Cynata Therapeutics meets with New York investors following good news from its stem cell candidate

Cynata Therapeutics Ltd (ASX:CYP) (OTCMKTS:CYYNF) CEO Ross Macdonald tells Proactive's Christine Corrado the cell therapy company has met the clinical endpoints of a Phase 1 trial of its Cymerus mesenchymal stem cell (MSC) product candidate in people with steroid-resistant acute graft-versus-host disease (GvHD).

Macdonald is in New York to present at the 20th Annual Rodman & Renshaw Global Investment Conference. Macdonald says Cynata's recent clinical data has "opened a lot of doors" to institutional investors, plus he says having a corporate partner in FUJIFILM (TYO:4901) helps to validate the technology.

Quick facts: Cynata Therapeutics Ltd

Price: 0.8 AUD

ASX:CYP
Market: ASX
Market Cap: $93.7 m
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