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Will Global Alliance with GE Healthcare Create Revenue Opportunities for iBio, Inc. (AMEX: IBIO)?

Posted on July 26, 2012 by OTC Equity

Investors reacted favorably to news announced by iBio, Inc. (AMEX: IBIO) on Thursday with shares jumping as high as 1.70 following their 1.29 close on Wednesday. IBIO reported that they had formed a new global alliance with GE Healthcare in which the two would work to commercialize plant-based technologies for the manufacture of biopharmaceuticals and vaccines. As pointed out in Thursday's release the global alliance "combines iBio's innovative plant-based vaccine manufacturing platform, iBioLaunch, with GE Healthcare's world-class capabilities in start-to-finish technologies for biopharmaceutical manufacturing" while IBIO's research and development collaborator, Fraunhofer USA Center for Molecular Biotechnology (CMB), "will continue to play a key role in advancing the iBioLaunch platform." The iBioLaunch platform is described as “a proprietary, transformative technolo...

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