SHANGHAI, China and CUPERTINO, Calif., Jan. 08, 2016 (GLOBE NEWSWIRE) -- Cellular Biomedicine Group Inc. (NASDAQ:CBMG) (“CBMG” or the “Company”), a biomedicine firm engaged in the development of effective stem cell therapies for degenerative diseases and immunotherapies for cancer, announced today that the Company will present an overview of their CAR-T immuno-oncology clinical development programs at the Biotech Showcase™ 2016, taking place in San Francisco, CA, on January 11–13, 2016. As previously announced the Company will also at that time release 48-week clinical data from the Phase IIb trial of its ReJoin® human adipose-derived mesenchymal progenitor cell (haMPC) therapy for Knee Osteoarthritis (KOA). The presentations can be viewed via live webcast at the link provided below.
| Conference: | 8th Annual BioTech Showcase 2016 |
| Date: | Tuesday, January 12, 2016 |
| Time: | 10:00 – 10:30 AM PST |
| Title: | Alteration of Knee Osteoarthritis, ReJoin® Phase IIb One Year Follow Up Results |
| and | |
| CAR-T immuno-oncology clinical development program | |
| Location: | Track C - Mission II, 4th Flr, Parc 55, Union Square, 55 Cyril Magnin Street, San Francisco, CA |
| Live webcast: | http://edge.media-server.com/m/p/se69r6oq |
Company management will attend the conference and be available for discussions. To arrange one-to-one meetings with management, please contact vivian.chen@grayling.com. The presented material will be available on the Company website following the presentations.
About Cellular Biomedicine Group
Cellular Biomedicine Group, Inc. develops proprietary cell therapies for the treatment of certain degenerative and cancerous diseases. Our developmental stem cell and Immuno-Oncology projects are the result of research and development by scientists and doctors from China and the United States. Our flagship GMP facility in China, consisting of six independent cell production lines, is designed, certified and managed according to U.S. standards. To learn more about CBMG, please visit: www.cellbiomedgroup.com.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, trends, specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include risks inherent in doing business, trends affecting the global economy, including the devaluation of the RMB by China in August 2015 and other risks detailed from time to time in CBMG’s reports filed with the Securities and Exchange Commission, quarterly reports on form 10-Q, current reports on form 8-K and annual reports on form 10-K. Forward-looking statements may be identified by terms such as "may," "will," "expects," "plans," "intends," "estimates," "potential," or "continue," or similar terms or the negative of these terms. Although CBMG believes the expectations reflected in the forward-looking statements are reasonable, they cannot guarantee that future results, levels of activity, performance or achievements will be obtained. CBMG does not have any obligation to update these forward-looking statements other than as required by law.