US firm moves into Dundee
The investment announced by Keith Brown, the Scottish minister for skills and lifelong learning, is a major boost for the city's life sciences sector.
Stemgent is to form a new company, Ubiquigent.
Mr Brown said: "The world-class talent, skills and technology within the Scills (Scottish Institute for Cell Signalling] unit at the University of Dundee is undoubtedly a huge factor in this move."
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Hide AdScills is the world's first research unit dedicated to the study of "protein ubiquitylation", a process that regulates almost all aspects of cell life. Abnormalities in the process are a cause of cancer as well as autoimmune diseases.