SHANGHAI, China and CUPERTINO, Calif., November 7, 2017 /GlobeNewswire/ — Cellular Biomedicine Group Inc. (NASDAQ: CBMG) (“CBMG” or the “Company”), a clinical-stage biopharmaceutical firm engaged in the development of effective immunotherapies for cancer and stem cell therapies for degenerative diseases, held a Grand Opening ceremony on November 4, 2017 for its new Shanghai facility located in “Pharma Valley” in Shanghai Zhangjiang High-Tech Park. Local dignitaries, partners and collaborating medical institutions were present for the ribbon cutting ceremony and the launch of the “CBMG-GE Joint Laboratory of Cell Therapy”.
Tony (Bizuo) Liu, CEO of the Company, addressed the audience and media present saying, “We are very pleased to meet this milestone of expanding our GMP facility space to include this brand new 100,000-square-foot space with a top-of-the-line GMP facility. We now have three manufacturing facilities in China (Beijing, Shanghai, and Wuxi) with a total GMP capacity of 70,000 square feet, which prepares us for scaled-up demand for our current and future CAR-T clinical studies. The ability to produce all plasmids and viral vectors in-house with a high yield, automated, closed cell culture system and integrated Chemistry, Manufacturing, and Controls (“CMC”) processes, provides us with a key differentiator in the CAR-T and regenerative medicine space. “
“In addition to our state-of-the-art facilities, we are very privileged to partner with leaders in the biopharmaceutical, digital and manufacturing fields, and look forward to reaping a mutual benefit from the wealth of data and shared knowledge. We appreciate the role that every partner, hospital collaborator, employee, director, advisor and shareholder, both past and present, has played in making CBMG what it is today, and bringing us all closer to helping the large patient populations of China and their families.”
