Maryland is set to become a significant hub for biotechnology innovation with the announcement that Nature Cell, a Korean company specializing in stem cells, cosmetics, and food and beverage development, will establish a substantial manufacturing facility in Baltimore City. The new operation, to be managed by Nature Cell America, is slated for completion in two phases by 2031 and is projected to generate approximately 500 full-time jobs in the region. The facility will be located at 1401 Severn Street within the Gaslight Square mixed-use complex.
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This investment underscores Maryland’s growing prominence in the life sciences sector. Nature Cell America’s initial focus at the new facility will be on stem cell research, clinical trials, and the manufacturing of investigational products for knee osteoarthritis and Alzheimer’s disease. The company anticipates the capacity to produce an estimated one million doses annually of its product JointStem, an intra-articular stem cell injection. The decision to establish operations in Maryland was influenced by the state’s robust stem cell research funding and its skilled life sciences workforce. Nature Cell will collaborate with Biostar, a Korean holding company with extensive experience in stem cell technology, on this new U.S. subsidiary project.
The Maryland Department of Commerce is facilitating the project with a conditional loan of $4 million through the Advantage Maryland program, aimed at assisting with project costs. Additionally, the Baltimore Development Corporation is contributing a $400,000 conditional loan to support the company’s operations. Baltimore City will also play a role in expediting necessary permitting and public approvals for the development.
Article by Mel Anara, based upon information from the Office of Governor Wes Moore
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