NeoStem Acquires California Stem Cell for $124,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4b4f2dd1-0de8-4b76-be55-3c053f1a3c2a
Date
4/16/2014
Company Name
California Stem Cell
Mailing Address
5251 California Ave Irvine, CA 92617 USA
Company Description
California Stem Cell, Inc. is a privately held company focused on the manufacturing of high-purity human cells for therapeutic development and clinical application. Since its founding in Irvine, Calif., in 2005, CSC has developed proprietary methods for scalable production of human motor neurons, neuronal progenitors, cardiac muscle and sino-atrial node cells.
Website
http://www.californiastemcell.com
Transaction Type
M&A
Transaction Amount
$124,000,000
Transaction Round
Proceeds Purposes
M&A Terms
NeoStem will pay 5.33M shares – worth 34.1M based on the firm’s closing price of $6.40 on Friday – as well as up to $90M in milestone and royalty payments in cash or shares.