Personalized Stem Cells, Inc. (PSC) acquires two manufacturing facilities in the San Diego Biopharma corridor. The acquisition of 8,906 square feet of class A biotech space brings online immediately operating GMP cleanroom suites (4) and supporting R&D laboratories, warehouses, offices, and conference space.
PSC CEO, Dr. Bob Harman, stated, “This latest expansion brings on very substantial GMP manufacturing capacity under our in-house control, supporting our R&D programs by providing all the GMP drug materials for our clinical studies in knee 
osteoarthritis, traumatic brain injury, and inflammatory diseases. We expect this new manufacturing capacity will accelerate the advancement of PSC’s drug pipeline.” Dr. Anne Hale, Chief Development Officer, added “These new facilities will enable us to continue to fulfill our long-term commitment to deliver our life-changing treatments to patients around the world.”
PSC is dedicated to providing affordable regenerative medicine solutions for significant unmet medical needs. Since its founding, PSC has achieved two FDA clinical trial approvals. The Phase 2a study of autologous stem cell therapy for knee osteoarthritis and a Phase 1b intravenous study of allogeneic stem cell therapy (COVI-MSC™, licensed to Sorrento Therapeutics) for patients suffering from COVID-19 have already been completed and submitted to the FDA. These studies have demonstrated solid safety and preliminary efficacy profiles.
Due to its highly capital efficient operations, PSC has not spent any of its investor money on buildings and facilities. Its close business relationship with VetStem allows PSC to rapidly progress its clinical candidates by leveraging VetStem’s extensive base of clinical and commercial experience in the cell therapy field. PSC has raised a grand total of just $3.9M from investors to reach a Phase 2 clinical trial with its lead cell therapy candidate.