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Human Stem Cell Institute, Xenetic partner to invest in biotech sector

PBR Staff Writer Published 13 September 2011

Human Stem Cell Institute and Xenetic Biosciences have entered into collaboration to invest in the international biotech sector.

Human Stem Cell Institute and Xenetic Biosciences were the initiators of a major cross-border M&A transaction to form SynBio, with additional financing secured from Russia's State Venture Fund Rusnano.

The two companies intend to pursue opportunities to extend their cooperation both within and beyond SynBio.

Xenetic Biosciences CEO Scott Maguire said Xenetic and the Human Stem Cell Institute, with their recently announced deals, are at the forefront of creating a new class of drug candidates.