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Cellular Dynamics Raises $30 Million to Expand Its Product Line of Human Stem Cells and Tissue Cells
Date:4/7/2011

t industrial expertise in high-volume, high-quality manufacturing of human iPS cell-derived tissue products. When combined with their strong intellectual property position, full freedom to operate, and the capital resources of this investor consortium, CDI is the only company positioned to provide its pharmaceutical customers with iPSC-derived products immediately useful in drug discovery and safety testing."

"We've enjoyed working with CDI's management team again," said Mathew Zell, Managing Director of Equity Group Investments LLC.  "We are impressed with the exciting progress at CDI and are looking forward to the launch of many important, new products."

"We are enthused that Wisconsin has become recognized as a hub for biotechnology and stem cell research," continued Brian Stark, an investor in G Force Investments LLC.  "We believe that the combination of CDI's products, technology and team should result in substantial value creation."

About Cellular Dynamics International

Cellular Dynamics International, Inc. (CDI) is a leading developer and marketer of next-generation stem cell technologies for drug development and personalized medicine applications. CDI harnesses the power of pluripotent stem cells and their ability to differentiate into any cell type for world-class drug development tools. In addition, it is the leader in iPSC technology, the production of pluripotent stem cell lines from adult tissue. CDI was founded in 2004 by James Thomson, a pioneer in human pluripotent stem cell research at the University of Wisconsin-Madison. CDI's facilities are located in Madison, Wisconsin. See www.cellulardynamics.com.


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SOURCE Cellular Dynamics International, Inc.
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