Revenues at the cancer center were up 6% from the prior year, but expenses, namely for pharmaceuticals and for labor, outpaced the growth, its chief financial officer said.
Roswell Park is deep into an expansion of its cell and gene therapy research and manufacturing capabilities, a project that positions it as a hub for this kind of science.
Governor Hochul Releases Request for Proposals For State-of-the-Art Cell And Gene Therapy Hub On Long Island longisland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from longisland.com Daily Mail and Mail on Sunday newspapers.
Reducing Labor and Footprint when Scaling Up Adherent Cultures genengnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from genengnews.com Daily Mail and Mail on Sunday newspapers.
The company will use the funds to set up its first lithium-ion cell manufacturing facility in Tamil Nadu, as well as expand the firms EV business, it said in a statement.