Cellular Dynamics International Receives Formal Notice of Grant Award (NGA) for $16 Million Stem Cell Banking Project

Published: Nov 05, 2013

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MADISON, Wis., Nov. 4, 2013 (GLOBE NEWSWIRE) -- Cellular Dynamics International (CDI) (Nasdaq:ICEL) announced today that the company has received the Notice of Grant Award (NGA) from the California Institute of Regenerative Medicine (CIRM) to create a human induced pluripotent stem cell (iPSC) biobank from 3,000 individuals. Receipt of the NGA signifies the entry into a definitive agreement with CIRM and the initiation of funding for the $16 million project.

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