Japan-based ReproCELL opens first U.S. office in Boston

Courtesy ReproCELL

Takashi Masai, COO of ReproCELL USA, said that it estimates that the U.S. market (for stem cell products) is 20 to 50 times larger than that of Japan.

Japanese stem cell company ReproCELL Inc. has opened its first branch and U.S. office in Allston Village with plans to hire 12 employees in the next four years.

Founded in 2003, ReproCELL offers human embryonic stem (ES) and induced pluripotent stem (iPS) cell culture media, and commercialized human iPS cell-derived heart products. It?s the third Japanese life sciences company to announce plans for expansion into Massachusetts in the past six months, following Scivax and HMT, according to a statement from the Massachusetts Life Sciences Center (MLSC).

?The U.S. market is the most important for ReproCELL to enter in order to foster our growth - we estimate that the U.S. market is 20 to 50 times larger than that of Japan,? said Takashi Masai, COO of ReproCELL USA, in a statement. ?Massachusetts is the perfect place to start our business in the U.S. because of its high concentration of top-level customers for both of our business lines. In addition, the commonwealth provides access to the network of biotech professionals and support from government partners, such as the MLSC.?

The Denby Road offices currently have three employees, and the company plans to hire nine more by the end of 2016.

Source: http://feeds.bizjournals.com/~r/vertical_38/~3/tRos_GZHjKI/japan-based-reprocell-opens-first-us.html

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