
Japanese drugmakers JCR Pharmaceuticals (TYO: 4552) and Teijin (TYO: 3401) today announced that they have entered into a co-development and license agreement regarding JTR-161, an allogeneic regenerative medical product using dental pulp stem cells (DPCs) for the indication of acute cerebral infarction (stroke) for Japan.
JRC gained almost 5% to 2,993 yen on the news, while Teijin remained virtually unchanged.
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