Bbg Advanced Therapies

“List of members and stockholders: biobridge global is the sole member of the corporation.”

“Documentation of meetings or written actions by the governing body: meetings held and written actions undertaken were documented in the minutes of the meetings of biobridge global's board of directors.”

“Process to review the form 990: the organization engages an outside accounting firm to prepare the form 990. Once prepared, the return is reviewed by the financial management staff from biobridge global, a related organization. A copy of the form 990 is provided to the executive committee of the board of directors of biobridge global prior to filing.”

“Compliance with conflict of interest policy: a copy of the organization's conflict of interest policy is provided annually to all officers, key employees and board of directors of biobridge global. In addition, questionnaires are given out on an annual basis to all officers, key employees and board of directors which cover business and family relationships and various activities that have occurred over the course of the year. Every attempt is made to ensure that all forms are returned. Individuals who fail to return the requested forms or provide incomplete information are contacted by the organization. In the event of a conflict of interest, the member subject to the conflict of interest must leave the discussion and voting on a transaction or arrangement that results in a conflict of interest. A committee of non-interested representatives shall be appointed to investigate alternatives to the proposed transaction or arrangement. The party with a conflict of interest is not permitted to advocate to other representatives prior to the vote. The committee is responsible for exercising due diligence in determining that the transaction is not more materially advantageous than a deal with a non-interested transaction.”

“Review of ceo/top management compensation: in determining the top management official's compensation, the organization relied on biobridge global's process to assist in compensation decisions. The process of determining the top management compensation is disclosed on their form 990.”

“Review of other officer's compensation: the organization relied on biobridge global's process to assist in compensation decisions. The process of determining other officer's compensation is disclosed on their form 990.”

“How documents are made available to the public: any documents subject to open record requirements are made available upon request.”

“DESCRIPTION OF ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES: GenCure enables progress in the field of advanced therapies by offering process and analytical development, cGMP manufacturing, in-process and release testing, while leveraging a unified quality management system. We partner with our customers with the end goal of clinical development and commercialization in mind. In 2022, market activity increased GenCure's manufacturing demand for customers in Phase 1 & 2. In order to meet the demand of the customers in a later regulatory phase, the need to shift into a commercial manufacturing center became apparent. This led to a retro-fit of our cleanrooms to ensure compliance and allow for the facility to support concurrent, multiproduct, manufacturing events and genetically modified cells. In addition, GenCure has expanded technical capabilities, designed to support advanced therapy manufacturing, including cell isolation technology. Internally, GenCure has successfully implemented electronic batch records using the MasterControl platform. The added automation of the electronic batch record has demonstrated improved efficiency with regards to record completion, review, and approval, while maintaining a high level of compliance for document control. Regarding workforce development, the GenCure team expanded to include personnel from the local area through a partnership with the San Antonio for Growth on the Eastside organization. The GenCure team has increased their community support by actively participating in the Step into Stem program sponsored by Texas Research and Technology Foundation which provides mentoring to local students to increase awareness for STEM-based careers.”

“Other changes in net assets or fund balances: equity transfer between related organizations $ 9,495,795”