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Cell Therapy Company Changes Name and Relocates HQ to Carlsbad

BioTime is getting a new name — and a new headquarters.

The company recently announced it’s changing its name to Lineage Cell Therapeutics and relocating from Alameda in the Bay Area to Carlsbad.

“The move to San Diego County will provide the company with proximity to world-leading academic centers, public and private cell therapy researchers, and is expected to offer more centralized decision-making, cost-savings, and access to an extensive network of experienced staff,” said Lineage in a statement.

The company is set to operate out of Carlsbad by Aug. 12, with 20 employees there, 35 in Israel and 10 in Alameda. That same date BioTime’s ticket symbol on the New York Stock Exchange will change to “LCTX.”

3 Cell Products

Lineage has three cell products undergoing clinical trials, including for non-small cell lung cancer.

They work, according to the company, by replacing or supporting cells that are either missing or dysfunctional.

“Our new brand defines us within our field: we control the lineage of pluripotent cells and transplant those differentiated cell types into patients as therapeutics,” said the company.

The company went through a corporate restructuring last year, which included Brian Culley becoming CEO. Since then Lineage said it has selectively converted equity holdings into cash and prioritized its three clinical-stage programs.

“[Lineage] has been a pioneering company in the field of cell therapy, but its assortment of programs and affiliates sometimes detracted from its core business and made it difficult for key audiences to fully appreciate its story. During the past three quarters, a new management team has taken aggressive steps,” said the company.

This spring the company acquired Asterias Biotherapeutics, upping its stake in the company to 84%. The deal gave Lineage two of its three programs.

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