Germfree And Orgenesis Announce Asset Purchase And Strategic Partnership Intended To Revolutionize Cell And Gene Therapy Through Decentralized Production And Global Accessibility
Portfolio Pulse from Benzinga Newsdesk
Germfree and Orgenesis Inc. (NASDAQ:ORGS) announced an asset purchase and strategic partnership to revolutionize cell and gene therapy production, aiming for global accessibility and affordability. The collaboration will leverage Germfree's modular cleanroom technology and Orgenesis' cell and gene therapy processes to reduce production costs and enable broader adoption of these treatments. The partnership will co-market Orgenesis' decentralized Octomera service platform and its mobile processing units globally, focusing on immuno-oncology and meeting growing demand.
April 10, 2024 | 4:01 pm
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Orgenesis Inc. partners with Germfree to revolutionize cell and gene therapy production, aiming to make treatments more accessible and affordable worldwide. This strategic partnership focuses on leveraging both companies' strengths to reduce production costs and expand market reach.
The partnership between Orgenesis and Germfree is expected to significantly enhance Orgenesis' capabilities in the cell and gene therapy market by reducing production costs and expanding global accessibility. This strategic move is likely to positively impact Orgenesis' market position and financial performance in the short term, as it opens up new commercial opportunities and potentially increases demand for its services.
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