(24/7 MARKET NEWS) – ThermoGenesis Holdings, Inc. (NASDAQ: THMO) stated, this morning, that it’s rolling out a new facility in the Sacramento metro area, containing 12 class-7 ReadyStart cGMP Suites, available for lease by early-stage life science and cell gene therapy (“CGT”) companies, part of ThermoGenesis’ previously announced plan to transform from a medical device company to a contract development and manufacturing organization (“CDMO”) in the cell gene therapy field. The facility is expected to be available for customers in the second or third quarter of this year. If fully occupied, the facility is anticipated to generate an estimated $10-16 million in annual revenue.
ThermoGenesis is trading at $3.58, up $1.47 (+69.67%), on 1 million premarket shares.
Its 52-week trading range is $2.11 to $40.491. It’s blown through many of its recent resistance points and, although this may be a bit of a stretch, if it can break into the $6 trading range, it could begin to fill in the gap to the $10 range.
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