Cellular Biomedicine Group Inc (CBMG.OQ) Key Developments | Reuters.com
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Cellular Biomedicine Group announces acquisition of Immune Cell Therapy Technology and U.S. Patent

Monday, 4 Aug 2014 09:16am EDT 

Cellular Biomedicine Group Inc:Announced reaching an agreement to acquire Agreen Biotech Co. Ltd. China (AG) and its founder's U.S. patent.For a total cash and equity consideration of $3.28 million in cash, the issuance of 753,522 shares of CBMG common stock and the issuance of 75,000 shares of CBMG restricted stock units.Acquisition will include the Intellectual Properties (IP), assets and talents of this cancer-therapy-focused developmental stage company.Expects to close the transaction and add 33 employees in the third quarter of 2014.