May 29, 2020

The Niche

Knoepfler lab stem cell blog

Dr. LookGood

1 min read

IntelliCell BioSciences has had a terrible year. Well, there’s terrible and then there’s terrible! Things seem to be getting worse. For background, I detailed its troubles, ups, and downs here in a previous post. I was just working on a new draft post on the most recent, concerning FDA 483 report on the company, which I will release soon (it was released to me by the FDA last week) in a new post coming up, when I heard the news that reportedly the company is …Read More

4 min read

What the heck is going on with Intellicell Biosystems, Inc. (SVFC, also SVFCE), a stem cell corporation run by Dr. Steven Victor? Why are some on Wall Street seeming so bullish on the company lately? What’s the real story and the facts? What is the key background on this company? Wall Street has been buying and selling this stock in a frenzy of activity pushing volume up dramatically (see bottom chart above from wallstreetnewscast.com) in the last month even as the company has faced …Read More

2 min read

IntelliCell (SVFC) is a stem cell company that does cosmetic stem cell procedures. They’ve had a number of challenges of late including an FDA warning letter about a year ago and apparent financial issues manifesting in lawsuits. Now the company itself, perhaps trying to get ahead of the news, issued a press release (PR) saying they were inspected by the FDA for 3 weeks recently. A typical FDA visit lasts 2 weeks during which time the FDA inspects documents, procedures, and such. It is unclear …Read More

2 min read

It’s difficult to make it as a biotech company and I would say stem cell biotechs in general may have an even rougher time. One such company,  Intellicell (Intellicell Biosciences, Inc), is showing a number of signs of distress in my opinion. An online financial tool predicts the probability of companies going bankrupt within the next 24 months. For Intellicell it estimates a greater than 96% chance of bankruptcy. By comparison another stem cell biotech, Stem Cells Inc., has a less than 1% change of going bankrupt. How accurate are …Read More

2 min read

Dr. Steven Victor, CEO of Intellicell, seems to have made two comments on a recent blog post I did on stem cell sports medicine (see below). Victor and Intellicell received a warning letter from the FDA in March 2012 with the FDA. I’m not aware of Intellicell publicly addressing the FDA issues. If you have, Intellicell, please let me know. I have emailed Dr. Victor about the current state of affairs at Intellicell and I’ll let you know if he responds. I found the comments from …Read More

2 min read

Earlier this year, Dr “LookGood” aka Dr. Steven Victor, cosmetic surgeon to the stars, received a warning letter from the FDA over how his clinic was handling stem cell-related procedures. The FDA listed 16 issues as problems. On April 20, Dr. Thomas E. Young of Young Medical Spa in Pennsylvania also received an FDA warning letter. You can read it here. The FDA cited 14 specific failures by Young Medical Spa that need to be addressed. I expect we’ll see a growing stream of …Read More