GEN Exclusives

More »

GEN News Highlights

More »
Jan 22, 2007

CEL-SCI Gets $15M for Cancer Therapy Manufacturing Facility

  • BioProperties, a real estate firm specialized in the biomedical sector, committed $15 million to CEL-SCI to acquire and build out a manufacturing facility for the company’s cancer product, according to a letter of intent. Multikine® was recently approved to enter Phase III studies for the treatment of head and neck cancer.

    The facility is expected to cost about $12–14 million, to be paid through a long-term lease agreement. "We will be able to produce our drug Multikine in our own CGMP facility for Phase III trials as well as for sale once marketing approval is granted,” states Geert Kersten, CEO of CEL-SCI.

    “An additional benefit of having this facility,” Kersten adds, “is that during the Phase III study, it may also be used for contract manufacturing work with other biotech companies and/or the U.S. government since it will contain a clean cold-fill suite."



Jobs

GEN Jobs powered by HireLifeScience.com connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
 Searching...
More »

GEN Poll

More » Poll Results »

Ebola Vaccines

When do you think an Ebola vaccine will be available for the general public?