50 million Euro stem-cell research facility planned for capital
US-backed companies Concorde Gruppe and Healthcare of Today will build a 50 million Euro stem-cell research and treatment facility in Adunatii Copaceni, southwest of Bucharest June 2010 - From the Print Edition
The development will take between 18 months and two years to gain the necessary permits and complete construction, according to Alex Taranu, president of Concorde Gruppe. “We have already acquired all equipment for the research centre,” he told The Diplomat.
Concorde Gruppe is a German Holding, but the project will be developed by US company Groupe Concorde Developments, while Healthcare of Today, through the SK3 Group, will manage and operate the centre.
“Research will focus on improving the existing technology that uses patient stem cells for treatment,” says Taranu. “Research specialists will participate from the USA, Europe, Asia and former Soviet states.”
Taranu says that the group choose Romania because of its proximity to both the east and west, the availability of land, local expertise and high quality treatment facilities in the vicinity.
At present Romania-based medical services company CMU also operates a stem cell bank in Bucharest.
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