ThermoGenesis Announces Launch of Res-Q System; New Device Expands Company's Presence in Bone Marrow Sector
07 8월 2009 - 5:10AM
PR Newswire (US)
RANCHO CORDOVA, Calif., Aug. 6 /PRNewswire-FirstCall/ --
ThermoGenesis Corp. (NASDAQ:KOOL), a leading supplier of innovative
products for processing and storing adult stem cells, announced
today the introduction of the Res-Q(TM) 60 BMC ("Res-Q") System, an
automated cell processing medical device for the concentration of
bone marrow-derived stem cells at the point of care. The Res-Q
System processes bone marrow in minutes and delivers a high rate of
stem cell recovery. The Res-Q System follows the late 2008 launch
of the MXP(TM) MarrowXpress(TM) ("MXP") System, a laboratory device
also used to collect stem cells from bone marrow. The Company plans
to initially target the orthopedic regenerative medicine market
through its orthopedic distribution partner Celling Technologies
("Celling"), a subsidiary of SpineSmith, LLC. Celling is a leading
distributor of orthopedic products based in Texas and also serves
as a distributor of the MXP System. In a separate press release
today, ThermoGenesis and Celling announced an expanded
collaboration between the two firms. Separately, the Company plans
to expand Res-Q's applications into the cardiovascular and other
non-orthopedic regenerative medicine markets. "We are excited to
add a new member to our stem cell processing product family to help
us access the growing regenerative medicine market in a meaningful
way. We believe our Res-Q System has considerable advantages over
competing products and should help surgeons realize the true value
of autologous cellular therapy," said J. Melville Engle, Chief
Executive Officer of ThermoGenesis. "We are delighted to be
participating in the launch of the Res-Q System with
ThermoGenesis," said Kevin Dunworth, Chief Executive Officer of
SpineSmith, LLC. "The device represents a high level of innovative
technology and we look forward to building upon our early success
with the MXP," he added. About ThermoGenesis Corp. ThermoGenesis
Corp. (http://www.thermogenesis.com/) is a leader in developing and
manufacturing automated blood processing systems and disposable
products that enable the manufacture, preservation and delivery of
cell and tissue therapy products. These products include: -- The
BioArchive System, an automated cryogenic device, is used by cord
blood stem cell banks in more than 25 countries for cryopreserving
and archiving cord blood stem cell units for transplant. -- AXP
AutoXpress(TM) Platform ("AXP"), a proprietary family of automated
devices that includes the AXP and the MXP(TM) MarrowXpress and
companion sterile blood processing disposables for harvesting stem
cells in closed systems. The AXP device is used for the processing
of cord blood. GE Healthcare is the exclusive global distribution
partner for the AXP cord blood product except for Central and South
America, China and Russia/CIS, where ThermoGenesis markets through
independent distributors. The MXP is used for isolating stem cells
from bone marrow. -- The Res-Q(TM) 60 BMC ("Res-Q"), a point of
care system that is designed for bone marrow stem cell processing.
This product was launched in July 2009. -- The CryoSeal FS System,
an automated device and companion sterile blood processing
disposable, is used to prepare fibrin sealants from plasma in about
an hour. The CryoSeal FS System is approved in the U.S. for liver
resection surgeries. The CryoSeal FS System has received the
CE-Mark which allows sales of the product throughout the European
community. Asahi Medical is the exclusive distributor for the
CryoSeal System in Japan and the Company markets through
independent distributors in Europe and South America. This press
release contains forward-looking statements, and such statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements involve
risks and uncertainties that could cause actual outcomes to differ
materially from those contemplated by the forward-looking
statements. Several factors, including timing of FDA approvals,
changes in customer forecasts, our failure to meet customers'
purchase order and quality requirements, supply shortages,
production delays, changes in the markets for customers' products,
introduction timing and acceptance of our new products scheduled
for fiscal years 2009 and 2010, and introduction of competitive
products and other factors beyond our control, could result in a
materially different revenue outcome and/or in our failure to
achieve the revenue levels we expect for fiscal 2010 and 2010. A
more complete description of these and other risks that could cause
actual events to differ from the outcomes predicted by our
forward-looking statements is set forth under the caption "Risk
Factors" in our annual report on Form 10-K and other reports we
file with the Securities and Exchange Commission from time to time,
and you should consider each of those factors when evaluating the
forward-looking statements. ThermoGenesis Corp. Web site:
http://www.thermogenesis.com/ Contact: Investor Relations
+1-916-858-5107, or DATASOURCE: ThermoGenesis Corp. CONTACT:
Investor Relations of ThermoGenesis Corp., +1-916-858-5107, Web
Site: http://www.thermogenesis.com/
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