Caladrius Biosciences Sells Rights to Counter-Flow Centrifugation System to Hitachi Chemical Advanced Therapeutics Solutions
Caladrius Biosciences, Inc. (CLBS)
Last caladrius biosciences, inc. earnings: 11/6 04:05 pm
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Source: GlobeNewswire
BASKING RIDGE, N.J., June 05, 2018 (GLOBE NEWSWIRE) -- Caladrius Biosciences, Inc. (Nasdaq:CLBS) (“Caladrius” or the “Company”), a clinical-stage biopharmaceutical company with multiple technology platforms targeting autoimmune and select cardiovascular indications, announces today that the Company has sold for $2.5 million its ownership interest in a development-stage, fully enclosed, automated, programmable counter-flow centrifugation (“CFC”) system for use in cell therapy manufacturing to Hitachi Chemical Advanced Therapeutics Solutions, LLC (“HCATS”), previously known as PCT Cell Therapy Services, LLC. The CFC system enables cell therapy developers to wash and concentrate cells in an enclosed environment. It was designed for incorporation into Good Manufacturing Practice (“GMP”) equipment as a key element in commercial manufacture of cell therapies. The CFC system is designed for use in multiple stages of research and production for concentration/volume reduction, cell washing,
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