Mustang Bio Announces Manufacturing Partnership With uBriGene Under Which uBriGene Will Acquire Co.'s Worcester Manufacturing Facility For $11M
Portfolio Pulse from Benzinga Newsdesk
Mustang Bio has announced a manufacturing partnership with uBriGene, under which uBriGene will acquire Mustang Bio's Worcester manufacturing facility for $11 million.
May 18, 2023 | 12:13 pm
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Mustang Bio (MBIO) enters a manufacturing partnership with uBriGene, selling its Worcester facility for $11M.
The partnership with uBriGene and the sale of the Worcester facility for $11M will provide Mustang Bio with additional capital, which could be used for further development or expansion. This could have a positive impact on MBIO's stock price in the short term.
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