uBriGene targets North American growth with buy of Mustang facility
Canada-based cell and gene therapy contract development and manufacturing organization (CDMO) uBriGene is expanding into the US market with the acquisition of a state-of-the-art GMP manufacturing facility from US cell and gene therapy specialist Mustang Bio (Nasdaq: MBIO).
Financial terms of the deal were not disclosed, but Mustang’s shares were down 2.6% at $4.10 by mid-morning.
The CDMO has an established global footprint with two GMP manufacturing facilities in China and its headquarters in Vancouver, Canada. The latest move will see uBriGene expand its global headcount to over 500 employees.
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