VBL Therapeutics (VBLT) Enters Long-Term Lease Contract for Israeli Facility
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VBL Therapeutics Announces Plans to Establish New Manufacturing Facility
October 13, 2016 9:03 AM EDTTEL AVIV, Israel, Oct. 13, 2016 (GLOBE NEWSWIRE) -- VBL Therapeutics (NASDAQ: VBLT), today announced that it has engaged in a long-term lease contract of a new stand-alone facility in Modiin, Israel. The site will house VBL's local biological drugs manufacturing facility, as the company plans ahead for potential commercialization of VB-111.
The site design enables modular expansion of the manufacturing capacity, to supply growing demand following commercialization, while requiring only limited capital resources in the immediate stage. The near-term investment is not expected to materially impact VBL's cash position. The... More
