06 Sep CDI forms two business units in Madison
By Judy Newman, Madison.com
Cellular Dynamics International (CDI) has changed its structure, dividing into two separate business units: Therapeutics, to develop stem cell-based drugs, and Life Science, focusing on research products.
“By creating a market-oriented organization, operations in Madison can grow much more rapidly,” Kazuyoshi Hirao, chairman and CEO, said in an email exchange.
Founded by UW-Madison stem cell pioneer James Thomson in 2004, CDI was acquired by Japanese conglomerate Fujifilm Holdings Corp. for $307 million in April 2015.
About two dozen of CDI’s employees work at the company’s Novato, California, stem cell bank. Read more …