Portuguese watchdog approves Stemlab acquisition

The Portuguese Office of Competition Protection (Autoridade da Concorrencia) gave consent to the acquisition of Stemlab by Polski Bank Komórek Macierzystych (PBKM), PBKM said on Friday. In mid-July, PBKM announced the acquisition of majority stake in the Portuguese Stemlab for €16.5 million (around PLN 71 million), adjusted for net debt. PBKM was established in 2002 and operates in the acquisition, processing and long-term storage of stem cells derived from umbilical cord blood and other post-natal tissues.