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Thread: The Daily Start-Up: Cranking Out The Stem Cells

  1. #1

    The Daily Start-Up: Cranking Out The Stem Cells

    April 27, 2010, 10:48 AM ET
    The Daily Start-Up: Cranking Out The Stem Cells
    This morning’s roundup of the latest venture capital news and analysis across the Web:

    factory that is cranking out 5 billion human-heart stem cells per month just got a boost after venture firms invested $40.6 million in Cellular Dynamics. This company produces stem cells that are sold to drug companies for use in drug candidate screening. With the new money, it plans to roll out three other types of cells for drug researchers: blood vessel, liver and nerve, VentureWire reports. Most stem-cell companies are developing therapies, but Cellular Dynamics goes after the laboratory market. “It’s the low-hanging fruit,” said CEO Robert Palay. “There’s no FDA regulatory burden.”

  2. #2
    Pretty interesting. Thanks for sharing.

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