In Recent News: Dr. Balshi's Controversial Court Case

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Case Name: Stemgenix, Inc v. Balshi

California Southern District Court

Case No. 3:15-cv-00411

Filed 02/24/2015

    Recently, I found that Dr. Thomas Balshi is currently being sued by a rival stem cell company StemGenex, Inc for trademark infringement and breach of contract. The prosecution accuses Balshi of supposedly violating a contract between him and StemGenex. The contract entailed that StemGenex would refer patients to Balshi, and he would perform the stem cell procedures, given a "predetermined price." This went into effect on August 30, 2012. StemGenex claims that Balshi violated their contract by diverting their referred patients to Stemedix. 

    They also claim that Dr. Balshi had a large role in the creation of Stemedix and used StemGenex marketing techniques to promote his company. According to the prosecution, there is evidence from a phone call made on December 15, 2014 between Balshi and the founder of StemGenex, Rita Alexander, which has Balshi admitting to being the founder of Stemedix. However, the Defense denies any relations between Balshi and Stemedix. Currently, StemGenex was granted time to gather further evidence for the trial.

     Although we should not jump to any conclusions before a verdict is reached, if the allegations against Dr. Balshi ARE valid and Stemedix IS in fact more of a stem cell therapy consulting company, this would mean Balshi would be making double the profit (profit from Stemedix consulting and profit from providing separate stem cell therapies).