BioTime Closes $43.2 Million AgeX Share Sale Transaction With Juvenescence

ALAMEDA, Calif.--(BUSINESS WIRE)--BioTime, Inc. (NYSE American: BTX), a clinical-stage biotechnology company focused on degenerative diseases, today announced that it has closed the previously announced transaction with Juvenescence Limited, a global leader in developing therapeutics focused on improving and extending human lifespans. BioTime sold 14.4 million shares of AgeX to Juvenescence for $43.2 million. The cash consideration of $21.6 million, or 50% of the purchase price, will be paid in