Madison-based Fujifilm Cellular Dynamics Inc. announced today it plans to build a $21 million stem cell manufacturing plant in Madison.
Fujifilm Cellular Dynamics is a U.S. subsidiary of Japanese electronics manufacturer Fujifilm Corp. FCD develops and produces human induced pluripotent stem cell technologies. At the new facility, it would industrialize the process of manufacturing the stem cells for use in regenerative medicine, both directly and through contract manufacturing, the company said in a release.
FCD expects the new plant will open by March 2020. Among the applications for its stem cells are treatments for age-related macular degeneration, retinitis pigmentosa, Parkinson’s disease, heart diseases and cancer. Read the full story here.