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Stem cell firm eyeing Madison

Aruna Biomedical, a Georgia-based maker of neural stem cell kits for researchers, will relocate to Wisconsin if it can raise sufficient amounts of angel capital, the Wisconsin Technology Network reported.

….Aruna is a licensee of the Wisconsin Alumni Research Foundation for its human embryonic stem cell technology, and (management team member Jim) Stice told WTN the company would like to relocate to Wisconsin to take advantage of stem cell research synergies offered by the UW.