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Lonza Group Ltd. Münchensteinerstraße 38 4002 Basel, Switzerland http://www.lonza.com
Contact Ms Sanna Fowler +41 61 316 89 29
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Lonza Group Ltd.

Lonza Acquires a Controlling Stake in Octane Biotech to Further Develop CocoonTM Autologous Technology

Acquisition further strengthens Lonza's commitment to drive the next generation of manufacturing patient-specific and personalized therapies

(PresseBox) (Basel, Switzerland, )
Lonza announced today the acquisition of a controlling stake in Octane Biotech, with the right to acquire full ownership. The increase in equity share will allow Lonza to further develop the technology to support the growing need for scalable autologous manufacturing. Octane Orthobiologics Inc. will maintain exclusivity to a certain subset of orthopedic clinical indications for use in the CocoonTM system. 

 

The two companies have been collaborating since 2015 on the development of the Cocoon™ system, a patient-scale, closed and automated cell-therapy manufacturing system.

 

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