24th Oct 2016 09:03
LONDON (Alliance News) - WideCells Group PLC on Monday said it has made progress on renovating the clean rooms for its new research centre in Manchester.
The company - which collects and stores stem cells and provides insurance for stem cell treatment - said work is ongoing on the renovation of the clean room at the WideCells Institute of Stem Cell Technology it is opening at the University of Manchester.
Two high-specification clean rooms for processing human cord blood, cord tissue, dental pulp and adipose tissue are in the midst of being renovated, the firm said.
"The WideCells Institute of Stem Cell Technology will mark a major milestone in WideCells division's development and as well as providing us with a substantial revenue stream, it will enable us to undertake in-house research, creating another key differentiator for the enlarged group," said WideCells Chief Executive Joao Andrade.
Shares in WideCells were up 0.8% to 16.25 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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