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News: IMU Celularity Completes Strategic Review Of 2023 Initiatives

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    Jan 26 (Reuters) - Celularity Inc CELU.O :

    • CELULARITY COMPLETES STRATEGIC REVIEW OF 2023 INITIATIVES, INCLUDING ANTICIPATED BIOMATERIALS PRODUCTION RAMP-UP AND PIPELINE PRIORITIZATION OF NEXT-GENERATION PRODUCT CANDIDATES
    • CELULARITY INC - COMMERCIAL BIOMATERIALS BUSINESS, DEGENERATIVE DISEASE PROGRAMS CONTINUE TO GATHER MOMENTUM
    • CELULARITY - NOTIFIED SUBSTANTIAL PORTION OF WORKFORCE THAT THEIR EMPLOYMENT MAY BE IMPACTED TO ACHIEVE STRATEGIC OBJECTIVES
    • CELULARITY INC - HOPEFUL THAT THERE WILL BE NO NEED TO SUBSTANTIALLY REDUCE ITS HEADCOUNT
    • CELULARITY INC - PLANS TO COMPLETE REQUIRED PRECLINICAL WORK ON ITS ECM PRODUCT CANDIDATE OVER NEXT SEVERAL MONTHS
    • CELULARITY INC - ALSO IS CONDUCTING PRECLINICAL WORK IN KNEE OSTEOARTHRITIS (KOA) USING ITS PLACENTA-DERIVED EXOSOMES (PEXO)
    • CELULARITY - TO CONTINUE TO PARTNER WITH IMUGENE TO UTILIZE NOVEL ONCARLYTICS TECHNOLOGY TO PRIME SOLID TUMOR CELLS TO EXPRESS CD19
 
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