Vancouver's STEMCELL Technologies buys Maryland biotech firm

The deal is a first for the B.C. company.

STEMCELL Technologies has acquired Maryland-based biotechnology firm Propagenix Inc. The deal is a first for the B.C. company.

“The acquisition of Propagenix is an important step in STEMCELL’s growth journey and an achievement for Canada's biotechnology industry,” said Dr. Allen Eaves, President and CEO, STEMCELL with the announcement. “Propagenix’s tech…