Cytori (NASDAQ:CYTX) sold its first European Union StemSource®
Cell Bank as part of an agreement with Biohellenika (www.biohellenika.gr).
Biohellenika, the leading provider of cord blood stem cell banking
services in Greece, will be the exclusive provider of the StemSource
Cell Bank cryopreservation services in Greece, which is one of the
largest markets for cell banking in Europe.
The StemSource Cell Bank is a comprehensive product offering, which
allows companies or hospitals to economically process and store their
clients’ adipose tissue-derived stem and
regenerative cells for potential future use. The foundation of the cell
bank is Cytori’s Celution®
900 System, which automates the processing of stem and regenerative
cells from adipose tissue to facilitate cryopreservation.
“Providing adults the option to preserve their
cells with the StemSource Cell Bank holds great commercial promise in
Greece,” said Dr. George Koliakos of
Biohellenika. “We are excited about the
therapeutic potential of adipose derived stem and regenerative cells and
the opportunity to bank these cells from patients undergoing surgical
procedures each day. As the leading provider of cord blood cell banking
in Greece, we have the experience to immediately and successfully
commercialize Cytori’s adipose tissue-based
cell banking product.”
The StemSource Cell Bank is being marketed on Cytori’s
behalf to hospitals in Japan, Korea, Taiwan, and Thailand exclusively by
Green Hospital Supply (GHS). In addition, Cytori is commercializing the
StemSource Cell Bank directly in Europe and the Middle East and
additional countries in Asia.
About Cytori
Cytori’s (NASDAQ:CYTX) goal is to be the
global leader in regenerative medicine. The company is dedicated to
providing patients with new options for reconstructive surgery,
developing treatments for cardiovascular disease, and banking patients'
adult stem and regenerative cells. The Celution®
800 System is being introduced in Europe into the reconstructive surgery
market while the Celution®
900 System will be launched in Japan for cryopreserving a patient's own
stem and regenerative cells. Clinical trials are ongoing in
cardiovascular disease and planned for spinal disc degeneration,
gastrointestinal disorders, and other unmet medical needs. www.cytoritx.com
Cautionary Statement Regarding Forward-Looking Statements
This press release includes forward-looking statements regarding events,
trends and business prospects, which may affect our future operating
results and financial position. Such statements are subject to risks and
uncertainties that could cause our actual results and financial position
to differ materially. Some of these risks and uncertainties include our
history of operating losses, the need for further financing, regulatory
uncertainties regarding the collection and results of, clinical data,
dependence on third party performance, and other risks and uncertainties
described under the "Risk Factors" in Cytori’s
Securities and Exchange Commission Filings. We assume no responsibility
to update or revise any forward-looking statements to reflect events,
trends or circumstances after the date they are made.
Media & Investor Contact:
Cytori Therapeutics
Tom Baker,
858-875-5258
tbaker@cytoritx.com