3:56 PM
 | 
Sep 27, 2018
 |  BC Extra  |  Company News

Novartis signs manufacturing deal for Kymriah in China

Cellular Biomedicine Group Inc. (NASDAQ:CBMG) has agreed to manufacture and supply Kymriah tisagenlecleucel in China for Novartis AG (NYSE:NVS; SIX:NOVN). The pharma said the deal will help it gain market access in China for the CAR T therapy. Cellular Biomedicine has three Chinese GMP facilities in Shanghai, Beijing and Wuxi.

Novartis will invest $40 million for a 9% stake in Cellular Biomedicine through the purchase of 1.5 million shares at $27.43. Cellular Biomedicine CEO and...

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