Deals, Partnering

Joint venture agreement for regenerative medicine

Posted on 17 March 2014

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Bioheart has entered into a joint venture with Magnum Cell Therapies.

Magnum Cell Therapies' mission is to provide the latest regenerative medicine therapies to patients suffering from degenerative diseases.

Magnum's facilities include a state of the art clinic and laboratory located in Honduras.

Bioheart will provide the necessary training and expertise to transfer Bioheart therapies to Magnum.

Bioheart and Magnum will work closely with the Honduran Ministry of Health to make Bioheart protocols part of the standard of care for patients in Honduras and neighboring countries.

Bioheart will assume 10% ownership of Magnum Cell Therapies.

Magnum will offer these therapies to the more than 8 million people living in Honduras as well as being a premier site for medical tourism.

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