Yulong Eco-Materials Limited announced that it intends to build an incubator laboratory for development of cell and extracellular vesicle (EV) based therapeutics. Their molecular and cellular biology lab will be equipped for the development of a series of young new cells (naive) and bioengineered cell lines including mesenchymal stem cells (MSCs) and other progenitor cells. Isolated MSC-EVs have demonstrated remarkable and distinctive, biological properties that the Company intends to develop into safe and effective clinical therapeutics. The Company is also developing methods to optimize and use the unique biological properties of MSC and progenitor cell-derived EVs for specific clinical applications. These applications include these new optimized EVs developed into biological drugs seeking FDA approval for several different clinical indications: acute lung injury (eg. COVID-19, influenza, acute respiratory distress syndrome), autoimmune and systemic inflammatory syndromes, osteoarthritis and other degenerative musculoskeletal disease, neurodegenerative conditions and old age (metabolic disease).