LARAMIE, Wyo., July 2 -- The University of Wyoming issued the following news release:

CellDrop Biosciences Inc., a University of Wyoming spinout company developing advanced cell-processing technologies, has announced the formation of Juniper Biosystems, a spinout that will build a stem-cell manufacturing center in Laramie designed to operate under current Good Manufacturing Practice, or cGMP, standards.

Wyoming's Stem Cell Freedom Act, Senate File 48, became effective July 1, and creates a state-level framework under which registered Wyoming physicians may provide certain physician-directed, autologous mesenchymal stem-cell therapies that meet the law's requirements. However, the law itself does not create manufacturing capacity.

Junipe...