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Arteriocyte Named Top Biotech Start Up Venture by the Ohio Venture Association for 2010
Date:6/28/2010

CLEVELAND, June 28 /PRNewswire/ -- Arteriocyte, Inc., was honored Friday by the Ohio Venture Association as a Venture of Year Award Finalist. Founded in 2004 to develop proprietary stem cell and tissue engineering based therapies, Arteriocyte focuses on developing commercially available stem cell based therapies using multiple sources of adult derived stem cells (marrow, peripheral cord blood, and cartilage) for delivery to injured tissues in order to speed repair and improve function. In six short years, the company has grown from one employee to more than 67 employees located throughout the world and has rapidly transitioned from a basic research project into a fully integrated R&D and commercial product company with revenue growth of 45% in 2009, producing and distributing a broad portfolio of research based stem cell culturing systems and FDA approved point-of-care medical devices designed to improve surgical outcomes.

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Already in 2010, Arteriocyte has been awarded more than $8 Million in competitive grants and federal research contracts to fuel clinical implementation and further commercialization of its unique technologies. The company has capitalized on i
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SOURCE Arteriocyte, Inc.
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