ScaleReady Announces a G-Rex® Grant has been awarded to Immuneel Therapeutics
Rhea-AI Summary
Positive
- Grant award of $150,000 to support process development and manufacturing optimization
- Potential to scale production to 200 drug products per day to meet high demand
- Access to exclusive support from ScaleReady's consortium of G-Rex Grant Partners
- Expansion of total grant program funding from $20M to $30M indicating strong program success
Negative
- Current manufacturing approach requires transition due to scalability limitations
- Post-approval manufacturing changes will require additional comparability studies
- High demand of 120,000 new blood cancer cases annually creates significant production pressure
News Market Reaction
On the day this news was published, TECH gained 3.05%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"The blood cancer burden on
"We are extremely impressed by the speed, resourcefulness, creativity, discipline, and entrepreneurialism of the team at Immuneel and are happy to see that
As part of Immuneel's G-Rex Grant, they will perform process development, qualification, and validation of a G-Rex based CAR-T cell therapy production approach to dramatically increase the throughput capacity of their state-of-the-art, 12,000 square foot GMP facility. Located in Bengaluru and opened in 2021, Immuneel's Integrated Cell Therapy Development and Manufacturing Facility was the first of its kind in
The high popularity of ScaleReady's G-Rex Grant Program led ScaleReady to increase award funds from the original amount of
For more information about the G-Rex® Grant Program, please contact info@scaleready.com.
About ScaleReady
ScaleReady provides the field of cell and gene-modified cell therapy (CGT) with a G-Rex centric manufacturing platform that enables the world's most practical, flexible, scalable, and affordable CGT drug product development and manufacturing.
The G-Rex manufacturing platform is currently used by a rapidly growing list of over 800 organizations and is producing drug products for approximately
CGT entities relying on the breadth and scope of ScaleReady's expertise can expect to save years of time and millions of dollars on the path to CGT commercialization.
For more information about the ScaleReady G-Rex® Grant Program, please contact info@scaleready.com.
About Wilson Wolf Manufacturing
Wilson Wolf (www.wilsonwolf.com) is dedicated to simplifying cell and gene-modified cell (CGT) therapy research, process development, and manufacturing. This is being accomplished through its scalable G-Rex technology, which is used throughout the world in CGT applications ranging from basic research to commercial drug production.
Wilson Wolf's mission is to create hope for cancer patients, one G-Rex® device at a time.
About Bio-Techne Corporation
Bio-Techne Corporation (NASDAQ: TECH) is a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities. Bio-Techne, in partnership with Wilson Wolf, is creating products such as media and cytokines that are specifically tailored to G-Rex® Bioreactors, including right-sized reagent quantities in containers that are tailored to high throughput closed-system manufacturing. For more information on Bio-Techne and its brands, please visit https://www.bio-techne.com or follow the Company on social media at: Facebook, LinkedIn, Twitter or YouTube.
Contact: David Clair, Vice President, Investor Relations & Corporate Development
david.clair@bio-techne.com
612-656-4416
About CellReady LLC
CellReady is the world's first and only G-Rex centric contract development and manufacturing organization (CDMO) specializing in G-Rex based cell and gene-modified cell therapy development and manufacturing. The company offers a wide range of services to support the development and commercialization of these therapies.
CellReady's mission is to create hope for cancer patients, one G-Rex® process at a time.
About Immuneel therapeutics Private Limited
Immuneel Therapeutics Private Limited is a cutting-edge biotechnology company based in
For more information, please visit: www.immuneel.com
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SOURCE Bio-Techne Corporation
