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Redefines Caladrius as a cell therapeutics-only development company with multiple technology platforms
March 17, 2017
By: Kristin Brooks
Managing Editor, Contract Pharma
Hitachi Chemical Co. America, Ltd. will acquire the remaining 80.1% ownership in PCT, LLC, a Caladrius Biosciences subsidiary, for $75 million in cash. Caladrius is also eligible to receive an additional cash payment of $5 million if PCT achieves certain revenue-based milestones. The closing, subject to approval and customary closing conditions, is expected to occur in May. PCT is a cell therapy development and manufacturing services provider and is currently 19.9% owned by Hitachi Chemical....
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