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Caladrius Enters Agreement With Hitachi Chemical

Sells 19.9% equity stake in subsidiary PCT for $19.4M

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By: Tim Wright

Editor-in-Chief, Contract Pharma

PCT, a development and manufacturing services provider and subsidiary of Caladrius Biosciences, has entered into a global collaboration with Hitachi Chemical that includes licensing, development and equity components. Hitachi Chemical is a global conglomerate with a growing franchise in life sciences, including regenerative medicine. As part of the collaboration, Hitachi has purchased a 19.9% equity interest in PCT for $19.4 million. Caladrius will retain the remaining 80.1% ownership of PCT....

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