A new stem cell research facility will open in Bermuda later this year.

Dr. Ewart Brown, the country's premier, has entered into a partnership with a Californian firm called Stemedica Cell Technologies.

The new facility will be called the Brown-Darrell Clinic. It will be located in Smith's parish on the site of the former Winterhaven, a property owned by Dr. Brown.

Dr. Brown's wife Wanda Henton Brown will become the clinic's Consulting CEO. She will be responsible for coordinating the renovation, opening and the overall management and operation of the clinic.

Stemedica is a biopharmaceutical company that develops and manufactures "best-in-class adult stem cell products". It also provides treatment management services to improve the lives of patients with neurodegenerative and other diseases.

According to a statement put out today Stemedica is "designing technologies and services to treat a wide array of medical conditions including stroke, Alzheimer's, Parkinson's, ischemic brain traumas, spinal cord injuries, diabetes and diseases of the eye."

Stemedica's CEO, Dr. Maynard Howe said: "The Browns' efforts brought us to Bermuda. They are partners that get it - they understand medical innovation. Bermuda is an ideal location for us - its infrastructure and proximity to the U.S. make it a natural fit. We are thrilled to have made the connection and are looking forward to a very successful partnership."

Dr. Brown said: "We share Stemedica's vision of advancing the development of adult stem cell research and welcome the opportunity to be a part of a medical innovation."

Stemedica is headquartered in San Diego, California. Its research operations cover Mexico, France, Italy, Switzerland, Korea and Russia.