COMPANY UPDATES
31
Oct
2018
Novoheart to Generate USD $1.7m From Strategic Partnership to Build Good Manufacturing Practice Facility to Create Clinical-Grade Human Stem Cell Libraries

Novoheart is pleased to announce that it has entered into a service agreement with Xellera Therapeutics Limited, representing Phase 1 of an intended long-term strategic partnership between the companies. The vision of the long-term partnership is to build clinical-grade human stem cell libraries for the development of cell-based therapies. Phase 1 will focus on the first steps towards Xellera Therapeutics building a Good Manufacturing Practice (GMP) facility for generating clinical-grade human stem cell lines, initially within the Southern Chinese population. The service agreement will be generating US$1.7M in revenue for the company.

Xellera Therapeutics is a precision medicine company founded by prominent stem cell experts from the U.K., U.S. and Hong Kong with the mission of building haplotype-matched human stem cell libraries for commercializing cell-based therapies for various degenerative conditions affecting organ systems such as the heart, the eye and the central nervous system. These clinical-grade stem cell libraries will allow quicker identification of suitable donor material for cell-based therapies, minimizing the wait and avoiding complications commonly associated with transplantation, such as immune rejection or side effects caused by immunosuppression.

For more detailed press release, please click here.

Subscribe To Our Newsletter

Fill out the following to subscribe and start receiving updates from us!