New World-Leading R&D Centre Set Up in Dundee
GOTHENBURG, January 18, 2007. The Gothenburg, Sweden, based biotech company Cellartis AB and its partners ITI Life Sciences and University of Glasgow today announced an extensive £9.5 million R&D programme to develop human stem cells for pharmaceutical research. The funding of the programme was made by ITI Life Sciences.

“This is an immensely exciting programme, and we are very much looking forward to participating in it. This important collaboration is in line with our strategic goal of scaling up our human embryonic stem cell technology”, commented Mats Lundwall, CEO of Cellartis.

“Life science research in Scotland, particularly in the stem cell area, is recognised internationally, and by establishing a research base in Scotland, we hope to contribute to the growth of this sector, while at the same time expanding our own business and operations in Scotland.”

The partnership is an acknowledgement of Cellartis cutting edge...