Rotation Medical Completes $27.2 Million Series B Financing
In parallel, the company inaugurated a new manufacturing facility
HAIFA, Israel--(BUSINESS WIRE)--
First licensing deals for stem cell company Accellta- this month the company announced that it granted worldwide, non-exclusive rights to Miltenyi Biotec to use one of Accellta’s patents in manufacturing and commercialization of Miltenyi Biotec’s proprietary medium for stem cell cultivation. Miltenyi Biotec is active worldwide and is one of the innovative leaders in products, services and clinical applications for biomedical research and cell therapy.
Several months ago, Accellta granted a similar license to Japanese nutrition and health giant, Ajinomoto. The non-exclusive license includes manufacturing and marketing rights of the medium in Japan, for both research and commercial applications. Ajinomoto has operations in 26 countries and encompasses a wide range of food and nutrition products, amino acids, chemicals and pharmaceuticals, with annual revenues exceeding USD 11 billion.
Accellta offers a range of revolutionary solutions for better affordability and quality of stem cell culturing and for developing disease models. The company was established in November 2012 by the Technion and AMIT (the Alfred Mann Institute at the Technion); its unique solutions are the result of over 15 years of pioneering research and development at the Stem Cell Center in the Rappaport Faculty of Medicine at the Technion- Israel Institute of Technology.
“The licensing deals leverage Accellta’s intellectual property and allow us to offer our unique solutions to stem cell scientists and researchers worldwide, the number of which is estimated at over 100,000,” says Accellta Chairman, Dr. Zeev Gilkis. “We believe these deals pave the way for more collaborations with the biomedical industry.”
Since it was established, Accellta invested in creating strategic business collaborations and building physical infrastructure for clinical grade cell manufacturing. Recently it completed the construction of a state-of-the-art manufacturing facility, which will be used for industrial scale manufacturing of clinical-grade stem cells. The complex, which will serve the emerging regenerative therapy industry, is located in Haifa, Israel and includes 550 sqm of clean rooms, QC laboratories, R&D laboratories and offices.
According to Dr. Michal Amit, one of the world pioneers in stem cell research and Accellta’s R&D manager, “The new manufacturing facility, together with Accellta’s innovative solutions, allow both stem cell companies and research labs to culture higher quality cells in a faster, more uniform, and much more cost-effective manner.”
Among Accellta’s proprietary solutions: MAXELLS- a proprietary technology for cost-effective industrialization of stem cell manufacturing. Maxells uses suspension culturing and delivers unparalleled scalability and quality; SINGLES- a breakthrough technology for simple and effective culturing of stem cells as single-cells in suspension, which serves as a platform for genetic manipulation and provides enhanced uniformity and purity. In addition Accellta markets several stem cell lines and unique feeder cells.
Nowadays Accellta is focused on creating strategic partnerships with Biopharma companies and Stem Cell companies for developing economic manufacturing processes for cell products and for developing model systems for new drug screening and testing. In the future the company will also enter the market of regenerative medicine and develop therapies for currently incurable diseases.
About Accellta
Accellta develops, manufactures and markets a range of revolutionary solutions for better affordability and quality of stem cell culturing. Accellta’s technologies are the result of over 15 years of pioneering research and development at the Stem Cell Center in the Technion’s Rappaport Faculty of Medicine. Accellta is a subsidiary of the Alfred Mann Institute at the Technion (AMIT) and operates a state-of-the-art manufacturing facility, laboratories and offices in Haifa, Israel. www.accellta.com
About AMIT
AMIT- Alfred Mann Institute at the Technion is the Technion hub for biomedical innovation, active since 2006, it supports the development and commercialization of exceptional bio-medical technologies conceived by Technion researchers. The institute is chaired and funded by American Billionaire and Philanthropist Dr. Alfred E. Mann. AMIT owns three startup companies- Accellta, Sealantis and Sanoculis. www.amitechnion.com
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Contact:
Accellta
Tehilla Bar Yehuda
Tel. +972-4-8291000
Email. info@accellta.com
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