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Cellular Biomedicine Lands $43 Million from Wuhan Dangdai

publication date: Feb 5, 2016
Cellular Biomedicine, a US-China biopharma, announced a $43 million investment from Wuhan Dangdai Science & Technology Industries. Dangdai acquired 2.27 million shares of CBMG's stock at a price of $19 each, a 19.4% stake in the company. CBMG is developing two technologies: immuno-oncology therapies including cancer vaccines, CAR-T and PD-1 technologies; and stem cell treatments for joint and autoimmune diseases. CBMG is headquartered in Palo Alto, California, and operates an R&D facility in Wuxi and a manufacturing plant in Shanghai. More details....

Stock Symbol: (NSDQ: CBMG)

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