PALO ALTO, Calif., June 13, 2013 /PRNewswire/ -- Cellular Biomedicine Group, Inc. (OTCQB: CBMG), a biomedicine firm engaged in the development of new treatments for degenerative and cancerous diseases, today announced their anticipation of expansion in the China Osteoarthritis and Rheumatoid Arthritis market. A complete analysis of current China patents by an intellectual property law firm has rendered the legal opinion that Cellular Biomedicine Group has complete freedom of IP operation with regards to their patents for autologous and allogeneic adipose-derived stem cell compositions for the treatment of osteoarthritis and rheumatoid arthritis, as well as for various stem cell processing and preservation technologies.
Dr. Wei (William) Cao, President of Cellular Biomedicine Group, commented, "In China there are 72.5 Million people suffering from Knee Osteoarthritis (KOA), and 4.5 Million suffering from Rheumatoid Arthritis (RA). We are very confident to enter the world's largest KOA and RA market with freedom of operation."
About Cellular Biomedicine Group
Cellular Biomedicine Group, Inc. develops proprietary cell therapies for the treatment of certain degenerative diseases and cancers. Our developmental stem cell, progenitor cell, and immune cell projects are the result of research and development by scientists and doctors from China and the United States. Our flagship GMP facility, consisting of eight independent cell production lines, is designed, certified and managed according to U.S. standards. To learn more about CBMG, please visit:www.cellbiomedgroup.com
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|SOURCE Cellular Biomedicine Group, Inc.|
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