Salt Lake City–Predictive Technology Group, Inc. (OTC/PINK: PRED), a life-sciences technology company, announces its subsidiary Predictive Biotech has completed phase one of its new laboratory facility. The new lab, located in Research Park on the University of Utah campus, features an ISO clean room and meets Good Tissue Practices (GTP) and Good Manufacturing Practices (GMP) requirements for the company’s human cell and tissue products (HCT/Ps). The lab, which opened today, houses more than 30 employees.
“We are very pleased with the new facility,” said Eric Olson, Predictive Biotech’s CEO. “Phase one of two effectively triples our manufacturing capabilities. The expanded tissue processing capacity of the lab allows Predictive to meet rapidly growing consumer demand.”
Phase two of the facility is expected to be open in early 2019 and will double again the total laboratory production capabilities.
About Predictive Biotech, Inc.
Predictive Biotech, a Salt Lake City, UT life sciences Company formed in 2015, is a leader in human cell and tissue products. A growing national network of clinics, health systems, researchers and physicians leverage Predictive’s four main placental and Wharton’s Jelly umbilical cord-derived products. Predictive Biotech current products are regulated by the FDA under 21 CFR part 1271 section 361 as minimally manipulated allografts intended for homologous use