President of Leading South Korean Biopharmaceutical Company Green Cross Holdings Joins Stemedica's Board of Directors
Stemedica a leading manufacturer of adult, allogeneic stem cells and stem cell factors, welcomes Byung-Geon “BG” Rhee, Ph.D., President of Green Cross Holdings, a South Korean biopharmaceutical company, to its board of directors. Green Cross, whose recent investment closed Stemedica’s Series B funding round, is one of the world’s largest vaccine and plasma product manufacturers, and the company’s influence in Asia, China and the United States spans advanced research and development, biotech manufacturing and product development. Dr. Rhee’s addition to Stemedica’s board supports both companies’ shared vision of moving stem-cell technologies from clinical trials into worldwide medical practice.
“Stemedica is honored to add the President of Green Cross Holdings to our board of directors,” says Roger A. Howe, Ph.D., Executive Chairman of Stemedica. “Dr. Rhee is one of few industry leaders who has a proven track record for bringing innovative new technologies from clinical trials to mainstream medical practice. His expertise will help Stemedica set new standards for stem cell quality and affordability on a global scale.”
“Green Cross conducted extensive due diligence on stem cell technologies before making the investment to close Stemedica’s funding round,” says Dr. Byung-Geon Rhee, President of Green Cross Holdings. “The more we learned about Stemedica, the more we wanted to participate in its next phase of growth. I am happy to have the opportunity to serve as a member of Stemedica’s board of directors.”
Stemedica is a specialty biopharmaceutical company that is committed to the manufacturing and development of best-in-class, allogeneic, adult stem cells and stem cell factors for use by approved research institutions and hospitals for pre-clinical and clinical (human) trials. The company is a government-licensed manufacturer of clinical-grade stem cells and is approved by the FDA for clinical trials in acute myocardial infarction, chronic heart failure, cutaneous photoaging and ischemic stroke. Stemedica is currently developing regulatory pathways for a number of other medical indications using adult, allogeneic stem cells. The company has headquarters in San Diego, Calif., and can be found online at www.temedica .com.