Company Description
Celularity Inc. (Nasdaq: CELU; Warrants: CELUW) is a regenerative and aging‑related cellular medicine company in the healthcare and biotechnology sector. According to the company’s public disclosures, Celularity develops, manufactures, and commercializes advanced biomaterial products and allogeneic and autologous cell therapies that are all derived from the postpartum human placenta. The company describes its focus as addressing significant unmet global needs for effective, accessible, and affordable therapies that target fundamental aging mechanisms, including cellular senescence, age‑related chronic inflammation, and tissue degeneration.
Celularity’s equity structure includes Class A common stock trading under the symbol CELU and publicly listed warrants trading under the symbol CELUW on The Nasdaq Stock Market LLC. The warrants are described in SEC filings as being exercisable for fractions of a share of Class A common stock at specified exercise prices and terms. These listed warrants provide a way for market participants to gain exposure that is linked to Celularity’s Class A common stock, subject to the detailed terms set out in the relevant warrant agreements and SEC filings.
Placenta‑Derived Platform and Therapeutic Focus
The company states that all of its advanced biomaterial products and cell therapies are derived from the postpartum placenta. Celularity highlights the placenta’s unique biology and ready availability as the basis for its platform, which it believes can support therapies that address aging‑related and degenerative diseases. In its descriptions, Celularity emphasizes therapeutic approaches that seek to influence cellular senescence, chronic inflammation associated with aging, and tissue degeneration.
Celularity has disclosed work on allogeneic, cryopreserved, placental‑derived cell therapies and mesenchymal stromal‑like cell therapy product candidates. One example described in company news is PDA‑002, a mesenchymal stromal‑like cell therapy product derived from the postpartum placenta, evaluated in a Phase 2 clinical trial for diabetic foot ulcers complicated by peripheral artery disease. The company reports that PDA‑002 is designed as a regenerative therapy with angiogenic, immunomodulatory, and tissue‑repair properties.
Advanced Biomaterial Products and Wound Care
In addition to cell therapies, Celularity develops and commercializes advanced biomaterial products derived from placental tissues. Company news highlights products such as Biovance and Biovance 3L, described as human amniotic membrane allograft products used in wound healing applications. Celularity has stated that real‑world evidence from multiple observational studies, including publications in peer‑reviewed journals, has been used to evaluate Biovance in chronic wound care settings.
The company has also discussed the impact of reimbursement policies on its wound care‑related commercial product sales, particularly in connection with Medicare coverage and payment policies for skin substitute grafts and cellular and tissue‑based products. Celularity has commented on Centers for Medicare & Medicaid Services (CMS) decisions regarding Local Coverage Determinations and a flat‑rate Medicare payment policy for skin substitute applications, and has indicated that its manufacturing processes are intended to support operation under these reimbursement frameworks.
Business Units and Internal Structure
Celularity has described an internal restructuring that formalized its operations into multiple wholly owned operating subsidiaries, each aligned with a specific functional business unit. According to company disclosures, these units include:
- Celularity Biomaterials LLC – focused on advanced biomaterial products.
- Celularity Longevity LLC – focused on cellular therapeutics products with a longevity orientation.
- Celularity Advanced Manufacturing LLC – providing contract development and manufacturing (CDMO) services.
- Celularity Biorepository LLC – responsible for neonatal and adult cell and tissue banking services.
- Celularity Discovery & Development LLC – supporting internal discovery, development, and technology transfer activities.
- Celularity Asset Holding LLC – providing internal services.
The company has stated that this structure is intended to provide clearer visibility into its four commercial businesses: advanced biomaterial products, longevity‑focused cellular therapeutics, biobanking services, and contract development and manufacturing services, supported by discovery and internal services units.
Strategic Partnerships and Market Applications
Celularity has entered into partnerships to expand the use of its placental‑derived technologies. One disclosed collaboration is with Fountain Life, a longevity and preventive health company. Under that partnership, Celularity agreed to supply stem cell therapy products manufactured and distributed by Celularity for use by qualified physicians under a Florida statute that authorizes certain stem cell therapies for orthopedics, wound care, and pain management, subject to specified regulatory and facility requirements.
Another disclosed collaboration involves DefEYE, Inc., an ophthalmic product and technology company. Celularity has granted DefEYE an exclusive sublicense to its ophthalmic biologics portfolio, including Biovance, Biovance 3L, Interfyl, and CentaFlex, and serves as the exclusive contract manufacturer for DefEYE’s portfolio of ophthalmic biologic solutions. Celularity has also made an in‑kind investment in DefEYE’s preferred equity financing through product purchase credits.
Manufacturing, Facilities, and Real‑World Evidence
Celularity reports operating a purpose‑built, FDA‑registered and certified or accredited GMP/GTP manufacturing and storage facility in Florham Park, New Jersey. The company states that this facility supports the manufacture of commercial advanced biomaterial products and investigational cell therapy products, including Celularity‑branded products and contract‑manufactured products for third parties. It has also described integrating digitization and artificial intelligence into its manufacturing operations as part of an “Industry 5.0” approach aimed at building adaptable value chains and production systems.
The company emphasizes the use of real‑world evidence from clinical practice to evaluate its products, particularly in wound care. For example, Celularity has cited large observational studies of Biovance in chronic wound healing, including outcomes related to wound closure and patterns of steroid use in treated patients. These data are presented by the company as supporting the clinical use of its placental‑derived biomaterials.
Regulatory Filings and Capital Structure Actions
Celularity files periodic and current reports with the U.S. Securities and Exchange Commission (SEC), including Forms 10‑Q and 8‑K. In its disclosures, the company has described efforts to maintain compliance with Nasdaq Listing Rule 5250(c)(1) regarding timely filing of periodic reports, including the filing of delayed Form 10‑Q reports and subsequent confirmation of compliance by Nasdaq.
The company has also reported multiple financing transactions and balance sheet actions through 8‑K filings. These include private placements of common stock and warrants, issuance of promissory notes and secured term loans, convertible notes, and warrant repricing and adjustments. One notable transaction described in an 8‑K is an Asset Purchase Agreement with Celeniv Pte. Ltd., under which Celularity sold certain intellectual property assets to Celeniv and used the purchase price to retire senior secured debt and associated interest. In connection with that transaction, Celularity entered into a License Agreement with Celeniv, receiving an exclusive, royalty‑bearing license to use the licensed patents, know‑how, and marks, along with an option to repurchase the assets within a defined period.
Warrants Trading as CELUW
The Celularity warrants trading under the symbol CELUW are listed on The Nasdaq Stock Market LLC. SEC filings describe these securities as warrants, each exercisable for one‑tenth of one share of Celularity’s Class A common stock at a specified exercise price per share, subject to the detailed terms in the warrant agreements. Investors considering CELUW should review the relevant prospectus, registration statements, and Form 8‑K exhibits for information on exercise price, expiration, adjustment provisions, and other contractual terms that govern the relationship between the warrants and the underlying Class A common stock.
Focus Areas and Use Cases
Across its disclosures, Celularity consistently characterizes its mission as addressing age‑related and degenerative diseases and advancing longevity‑focused applications. The company points to therapeutic areas such as wound care, orthopedics, pain management, and other conditions where placental‑derived biomaterials and cell therapies may be relevant. It also highlights biobanking services and contract development and manufacturing as part of its broader commercial activities.
For investors and observers researching Celularity and the CELUW warrants, the company’s SEC filings, press releases, and clinical publications provide additional detail on its product candidates, commercial products, financing arrangements, and risk factors associated with its business and securities.
Stock Performance
Celularity (CELUW) stock last traded at $0.0076, down 23.23% from the previous close. Over the past 12 months, the stock has lost 81.5%.
Latest News
Celularity has 10 recent news articles. Of the recent coverage, 1 article coincided with positive price movement and 7 with negative movement. Key topics include partnership, clinical trial. View all CELUW news →
SEC Filings
Celularity has filed 5 recent SEC filings, including 3 Form 8-K, 1 Form SCHEDULE 13G/A, 1 Form 10-Q. The most recent filing was submitted on March 10, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all CELUW SEC filings →
Financial Highlights
Celularity generated $54.2M in revenue over the trailing twelve months, retaining a 72.4% gross margin, operating income reached -$38.4M (-70.8% operating margin), and net income was -$57.9M, reflecting a -106.8% net profit margin. Diluted earnings per share stood at $-2.64. The company generated -$6.4M in operating cash flow. With a current ratio of 0.38, short-term liquidity bears monitoring.
Upcoming Events
Short Interest History
Short interest in Celularity (CELUW) currently stands at 1.8 thousand shares, up 5.8% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has decreased by 98%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Celularity (CELUW) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 94.1% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 65.3 days.
CELUW Company Profile & Sector Positioning
Celularity (CELUW) operates in the Pharmaceutical Preparations sector and is listed on the NASDAQ.
Investors comparing CELUW often look at related companies in the same sector, including NKGen Biotech (NKGNW), Briacell Therapeutics Corp (BCTXW), Estrella Immunopharma (ESLAW), Pasithea Therapeutics Corp (KTTAW), and Tevogen Bio (TVGNW). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate CELUW's relative position within its industry.