Comment on Durham firm, flush with IPO dollars, opens manufacturing center in RTP

Durham firm, flush with IPO dollars, opens manufacturing center in RTP

Putting some of its recent IPO money to use, Precision Biosciences has opened a manufacturing center to prepare it for commercial manufacturing and clinical development. The Durham-based pharmaceutical company (Nasdaq: DTIL) has leased a 17,300 square-foot facility in the BioPoint Innovation Labs in Research Triangle Park. Exact financial details were not disclosed, but company officials say it is part of a $26 million investment on facility expansions in North Carolina.

 

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