ARTICLE | Financial News

Stem cell play ReproCell creates VC fund

October 1, 2014 3:26 AM UTC

ReproCell Inc. (JASDAQ:4978) and Shinsei Bank, a subsidiary of Shinsei Corporate Investment Ltd., raised Y800 million ($7.28 million) for Cell Innovation Partners LP.

The venture fund will invest in companies in Japan, the U.S. and Europe that are developing pluripotent cells and regenerative medicine technology. According to ReproCell, the vehicle aims to provide "growth funds" to develop "early practical application" of next-generation technologies in the space. The fund plans to invest Y51.6-Y104 million ($0.5-$1 million) per company. ...