Cell Targeting

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Regenerative medicine startup Cell Targeting sold to BioTime

Cleveland stem cell technology developer Cell Targeting has sold its assets to BioTime, which specializes in stem cells for use in regenerative medicine and blood plasma volume expanders for use in surgery. The deal includes $250,000 in cash and about 262,000 shares of BioTime's common stock. Joseph Wagner, Cell Targeting's president, will become the chief executive at OncoCyte, a BioTime subsidiary.

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Cell Targeting hopes to bring purpose to stem cell therapy

Cell Targeting is developing technology that can point stem cell therapies to specific areas of the body. Among the many challenges in cell therapy is direction: not enough of the stem cells are getting to the tissues that needs treatment. But the company also wants to sell companies (and investors) on the idea that Cell Targeting's approach can create new products.

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