U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
CHAPEL HILL, N.C., Jan. 08, 2016 (GLOBE NEWSWIRE) -- Bamboo Therapeutics, a biotechnology company focused on developing gene therapies for rare neurological diseases, announced today that it had acquired the viral gene therapy manufacturing facility (“Vector Core”) from the University of North Carolina (UNC) at Chapel Hill, N.C. Financial Details are not disclosed.
The Vector Core was founded in 1993 as a full-service viral vector production organization with extensive experience in vector design and process development, as well as manufacturing of research and clinical grade vectors. This 11,000 square foot facility has produced multiple research grade and clinical grade lots for pharmaceutical and biotechnology companies, as well as universities and foundations.
Bamboo has developed a proprietary suspension cell-based production platform that utilizes serum free/chemically defined media to increase scalability, efficiency and purity. Our proprietary system decreases the amount of processing steps necessary in methods using adherent cells, while also reducing the variability and shortcomings associated with using animal serum, giving Bamboo superior vector yields at a lower cost.
“We believe that having a leading manufacturing facility fully integrated into our business provides flexibility and a competitive advantage,” stated Dr. Jude Samulski, Scientific Founder and Chairman of Bamboo Therapeutics. “We anticipate rapidly moving our programs forward, including our DMD program, which is expected to enter the clinic in early 2017.”
About Bamboo Therapeutics, Inc.
Bamboo Therapeutics, Inc. is a fully integrated, clinical stage gene therapy company developing therapeutics to treat central nervous system and neuromuscular diseases. Bamboo combines its own in-house expertise in AAV gene therapy research, vector manufacturing, clinical development, and regulation of gene therapy products with collaborations with academic experts in rare neurologic disease areas of mutual interest. The company’s pipeline is focused on diseases of high unmet need, including giant axonal neuropathy (GAN), Canavan disease, Friedreich’s ataxia and Duchenne muscular dystrophy. Bamboo’s most advanced programs is for GAN, which is currently in a phase 1/2 trial.
Contact Richard E. T. Smith, PhD SVP, Corporate Communications and External Affairs [email protected]
