ANN ARBOR, Mich., Feb. 22, 2008 (PRIME NEWSWIRE) -- Aastrom Biosciences, Inc. (Nasdaq:ASTM), a leading regenerative medicine company, today announced that the Company intends to seek shareholder approval to authorize the Board of Directors to amend Aastrom's Restated Articles of Incorporation to execute a reverse split of the Company's issued and outstanding common stock if they determine it is in the best interests of Aastrom and its shareholders. The Board would be authorized to execute the reverse split at any time within four weeks after the date of shareholder approval, at any whole number ratio between one for five and one for fourteen, with the exact exchange ratio and timing of the reverse stock split (if at all) to be determined at the discretion of the Board.
