BeaconEquity.com’s Market News Announces Publication of ‘Cellcyte Genetics Corporation (CCYG) Expands its Research'

DALLAS – BeaconEquity.com announces the publication of ‘Cellcyte Genetics Corporation (CCYG) Expands its Research’

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Cellcyte Genetics Corporation (CCYG) Expands its Research

The biotechnology industry has expanded rapidly since 1992, with revenues increasing from $8 billion in 1992 to $50.7 billion in 2005. It is one of the most research-intensive industries in the world, with spending in 2005 of about $20 billion for research. The biosciences are a growing and vibrant sector of the US economy, with more than 40,000 business establishments being involved in activities ranging from agricultural and chemical production, to drug and pharmaceutical manufacturing, and research and testing activities in a laboratory setting.

Stem cells, an important subject of research in biotechnology industry, have demonstrated a solid potential for both scientific learning and novel therapeutics. Combined with novel approaches in bioengineering and molecular genetics, the possibilities for stem cells therapeutics are unlimited. However, the progress is slowed by the further hurdles of financial, ethical, cultural and political concerns. Thus, in 2006, the US Congress passed a bill to expand stem cell research. However, President Bush issued the first veto of his presidency. In 2007, Congress, now in Democratic hands, passed a similar bill by a larger margin, but still not by enough to override the veto that President Bush announced on June 20, 2007.

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