The second CDI facility forms part of the $16m grant from California Institute of Regenerative Medicine (CIRM) to create and bank human induced pluripotent stem cells (iPSCs).
Cellular Dynamics CEO Bob Palay said that the CIRM grants provide CDI with the funding to build the premier iPSC bank in collaboration with Coriell Institute for Medical Research.
"We are excited to be working with the Buck Institute, constructing our stem cell derivation laboratories as well as the stem cell bank within their world class facilities," Palay added.
Coriell Institute for Medical Research will sublease a portion of space from CDI to construct a stem cell bank, for which CDI is a subcontractor.
Buck Institute CEO Brian Kennedy said that CDI is a perfect tenant for their new Regenerative Medicine Research Center.
"Their work and this new initiative have the potential to revolutionize the treatment of a myriad of diseases – we are proud they chose to work with us and we are looking forward to collaborating on new research," Kennedy added.