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Asterias Leases New R&D Facilities

Expands development and manufacturing for cell therapy product portfolio

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By: Kristin Brooks

Managing Editor, Contract Pharma

Asterias Biotherapeutics, a subsidiary of BioTime, has entered a long-term lease for a research, development, and manufacturing facility in Fremont, CA for its cell therapy product development activities. The facility has approximately 44,000 sq.-ft. of existing office, lab and vivarium space. The eight-year lease begins October 1, 2014 and has two five-year extension options. Asterias will use a $4.4 million tenant improvement allowance to construct a production facility designed to satisfy U....

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