NeoStem Acquires California Stem Cell for $124,000,000

  • Feed Type
  • Date
    4/16/2014
  • Company Name
    California Stem Cell
  • Mailing Address
    5251 California Ave Irvine, CA 92617 USA
  • Company Description
    California Stem Cell, Inc. is a privately held company focused on the manufacturing of high-purity human cells for therapeutic development and clinical application. Since its founding in Irvine, Calif., in 2005, CSC has developed proprietary methods for scalable production of human motor neurons, neuronal progenitors, cardiac muscle and sino-atrial node cells.
  • Website
    http://www.californiastemcell.com
  • Transaction Type
    M&A
  • Transaction Amount
    $124,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    NeoStem will pay 5.33M shares – worth 34.1M based on the firm’s closing price of $6.40 on Friday – as well as up to $90M in milestone and royalty payments in cash or shares.

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