Private sector partnership provides funding for Oxford research
Biotech firm China Bio-Med Regeneration Technology Ltd. has entered a partnership with Oxford University to establish a UK-based technology center for regenerative medicine. To be known as the CBMRT Technology Center at the University of Oxford, the facility will focus on stem cell therapies and tissue regeneration. CBMRT will provide GBP7.5m (USD11.4m) to fund 20 Ph.D. students over five years. Results of research will be licensed to CBMRT for use in China.