Deal Snapshot
Chinese Consortium to Acquire Cellular Biomedicine for USD 19.75 per Share
Monday 17 August 2020

A Chinese consortium of CBMG management members has entered into a definitive merger agreement to acquire Maryland-based biopharmaceutical firm Cellular Biomedicine Group, Inc. (NASDAQ: CBMG) has entered a definitive merger agreement, the company said.

Cellular Biomedicine Group, Inc. develops proprietary cell therapies for the treatment of cancer and degenerative diseases. The company conducts immuno-oncology and stem cell clinical trials in China using products from its integrated GMP laboratory.


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Details
Date Published: 17/08/2020

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