Cynata Therapeutics (ASX:CYP) said it will act as a core partner in the Solutions for Manufacturing Advanced Regenerative Therapies Cooperative Research Center (SMART CRC), which recently received Australian Government funding, according to a Thursday filing with the Australian bourse.
SMART CRC is a AU$238 million national initiative with over 60 industry, government, healthcare, universities, and research institute partners, the filing said.
The partners will now move to draft and execute formal agreements, per the filing.
Shares were up 3% in afternoon trade on Thursday.
Price (AUD): $0.20, Change: $+0.0050, Percent Change: +2.63%
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