Market Overview

UPDATE: Intrexon to Acquire Medistem for $26M

Share:
Related XON
28 Stocks Moving In Monday's Mid-Day Session
Mid-Morning Market Update: Markets Edge Lower; Tyson Foods Tops Q4 Expectations

Intrexon Corporation (NYSE: XON) today announced that it has entered into a definitive agreement to acquire, for approximately $26 million, San Diego-based Medistem, Inc. (OTC: MEDS) a pioneer in the development of Endometrial Regenerative Cells ("ERC" or "ERCs"), universal donor adult stem cells that stimulate new blood vessel formation and are capable of generating different tissues including heart, brain, pancreas, liver, bone, cartilage and lung. Intrexon intends to employ its integrated synthetic biology platforms to engineer a diverse array of cell-based therapeutic candidates using Medistem's multipotent ERCs.

See full press release

Posted-In: News Guidance Dividends Contracts Management Global

 

Related Articles (MEDS + XON)

View Comments and Join the Discussion!

Partner Center