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Wednesday, May 22, 2024

Cellares to Invest $255M in Somerset County, Creating 350 Local Jobs

Cellares, a cutting-edge company in the field of cell therapy manufacturing, has just secured an impressive $255 million in series C funding. This investment will be used to launch their new location in Somerset County, where they will be operating a state-of-the-art 118,000-sq. ft. manufacturing site in Bridgewater, New Jersey. This expansion is expected to bring about the creation of up to 350 local jobs, making a significant impact on the local economy.

In recognition of this momentous occasion, Cellares will be hosting a ribbon-cutting ceremony on Monday, January 29th. The event will be attended by local dignitaries and will serve as a celebration of the company’s upcoming contributions to the community.

Cellares has been making waves in the field of cell therapy manufacturing with their innovative approach and cutting-edge technology. Their expansion into Somerset County is poised to further solidify their position as a leader in the industry. The new manufacturing site will not only create job opportunities for the local community but will also bring new advancements and developments in the field of cell therapy.

The decision to establish their new location in Bridgewater, New Jersey is a strategic one, given the area’s strong reputation as a hub for innovation and technology. This move will not only benefit Cellares but will also have a positive impact on the local economy and the community at large.

The ribbon-cutting ceremony will be a momentous occasion for Cellares, marking the beginning of an exciting new chapter for the company and the local community. The event will be a celebration of growth, progress, and collaboration, and will provide an opportunity for local leaders to come together and celebrate the continued expansion and development of the region.

We look forward to witnessing the positive impact that Cellares’ new manufacturing site will have on Somerset County and the broader community. With their commitment to innovation and advancement in the field of cell therapy, Cellares is set to make a lasting impression on the local economy and bring about significant progress in the field of medical technology.

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