Brief: Prokidney Announces Purchase Of Manufacturing Facility In Greensboro, Nc

Prokidney

13/06/2023 17:10

June 13 (Reuters) - ProKidney Corp  PROK.O :
    * PROKIDNEY ANNOUNCES PURCHASE OF MANUFACTURING FACILITY IN
GREENSBORO, NC
    * PROKIDNEY CORP - WILL PAY ABOUT $25.5 MILLION IN CASH FOR
FACILITY AND PROPERTY
    * PROKIDNEY CORP - PLANS TO MAKE INVESTMENTS IN FACILITY
THROUGH
2028 TO PREPARE FOR POTENTIAL COMMERCIAL-SCALE MANUFACTURING
    * PROKIDNEY CORP - PROKIDNEY'S PREVIOUS FINANCIAL GUIDANCE
REMAINS
UNCHANGED
    * PROKIDNEY - PURCHASE TO SUPPORT COMPANY'S FUTURE
COMMERCIAL
MANUFACTURING NEEDS FOR REACT, ITS PROPRIETARY RENAL AUTOLOGOUS
CELL THERAPY