Charles River Collaborates With Pluristyx, Expanding Its Portfolio Of Human Pluripotent Stem Cells
Portfolio Pulse from Benzinga Newsdesk
Charles River Laboratories International, Inc. (NYSE:CRL) has partnered with Pluristyx Inc. to expand its portfolio with high-quality embryonic stem (ES) cells and induced pluripotent stem cells (iPSCs). This collaboration aims to accelerate therapeutic development by providing Charles River with unique stem cell lines for research. Pluristyx's offerings, including its proprietary FailSafe safety-switch technology, will be distributed by Charles River, enhancing its position as a leader in supplying human-derived biomaterials for drug discovery and cell therapy development.
February 20, 2024 | 1:45 pm
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Charles River's partnership with Pluristyx to distribute unique stem cell lines, including ES and iPSCs, positions it as a leader in the biotech industry for therapeutic development and drug discovery.
The collaboration with Pluristyx allows Charles River to enhance its portfolio with high-quality stem cells, which are crucial for therapeutic development and drug discovery. This partnership not only strengthens its position in the biotech industry but also potentially opens up new revenue streams through the distribution of Pluristyx's products. Given the increasing importance of stem cell research in therapeutic development, this partnership is likely to be viewed positively by investors and could lead to a short-term increase in Charles River's stock price.
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