Grace Century’s Provia Labs receives provisional approval status by Commonwealth of the Bahamas Regulatory Committee

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Bahamas’ National Stem Cell Ethics Committee (NSCEC) grants provisional approval status in its drive for advancement of medicine and science in the Caribbean.

Grace Century’s Provia Labs receives provisional approval status by Commonwealth of the Bahamas Regulatory Committee

Provia Laboratories, LLC

This an incredible chance to work with entities at the highest level, who recognize the importance of stem cells, and the opportunity to contribute to one of the first sovereign efforts in the field.

Grace Century’s portfolio firm, Provia Laboratories, LLC, is pleased to announce the provisional approval of Provia Laboratories Bahamas Ltd., Provia’ s sister entity, to conduct stem cell storage and research. The approval also represents the next step of Provia’s international expansion to include certain markets in South and Central America.

The announcement comes within weeks, though partnership, of entrance into Europe.

"This an incredible chance to work with entities at the highest level, who recognize the importance of stem cells, and the opportunity to contribute to one of the first sovereign efforts in the field,” Scott Wolf, CEO of Grace Century commented.

Wolf added, “The commonwealth has demonstrated a true desire to improve the healthcare advancements for their people, and simultaneously establish the Bahamas as a true force in medical therapies using stem cells. In conclusion, this will enable Provia to open and service the Caribbean market plus certain markets in South and Central America.”

”We are delighted to receive provisional approval and plan to work together with local investors, the government, and the local healthcare community to bring our technologies to this market,” Dr. James A. Manganello, Board member of Provia Laboratories commented. “The Bahamian government has proven its desire to bring the best stem cell technologies to their country and Provia plans to have a significant role in the future of Bahamian stem cell advancements.”

About Grace Century, FZ LLC
Grace Century FZ LLC is an International research and private equity consultancy located in Ras Al Khaimah, (north of Dubai) in the United Arab Emirates (UAE). Grace Century specializes in “game-changing” life science and health related private equity projects. For more information visit http://gracecentury.com.

About Provia Laboratories, LLC
Headquartered in Littleton, MA (USA), Provia Laboratories, LLC is a healthcare services company specializing in high-quality bio-banking (the collection, transport, processing and cryogenic storage of biological specimens). Provia Labs offers the Proviasette™ product range for use in bio-banking environments to improve sample logistics, security and quality. The company manages and promotes its own bio-bank for a dental stem cell banking service, Store-A-Tooth™, which gives families the option to store stem cells to protect their children’s future health and take advantage of advances in stem cell therapies.

Provia advises industrial, academic and governmental clients on matters related to the preservation of biological specimens for research and clinical use. Provia Labs is a member of ISBER, the International Society for Biological and Environmental Repositories, as well as ESBB, the European, Middle Eastern & African Society for Bio-preservation & Bio-banking. For further information about the firm’s products and services, please call Provia Labs at +1 (781) 652-4815, email hgreenman(at)provialabs(dot)com, or visit http://www.store-a-tooth.com.

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Laurie Pehar Borsh
Laurie Pehar Borsh PR
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