In addition, bone marrow stem cells are currently processed in a number of orthopedic and vascular surgeries inside and outside the U.S. Outside the U.S., stem cell treatments for ischemic heart disease are practiced and reimbursed by insurance companies.
"In anticipation of this authorization, we have initiated discussions with an orthopedic surgery group, vascular surgeons, and leading academic medical centers not only in the U.S. but also in Europe and Asia, and look forward to begin placing this device in the clinical setting in the near future. We believe this positions ThermoGenesis to significantly participate in what will ultimately represent a multi-billion dollar market opportunity in regenerative medicine," Osgood added.
"We are confident that the users of this technology will value the unique capability of this device to achieve significantly improved recovery of the stem cells from bone marrow meaning that less marrow will need to be collected from their patients to obtain the same number of stem cells," said Dr. John Chapman, Vice President of Research and Development and Scientific Affairs. "While the initial marketing application for the MXP will be for bone marrow processing, both at point-of-care and in a laboratory, we will continue our exploration of the use of this technology platform for other sources of adult stem cells including mobilized peripheral blood and adipose tissue stem cell processing," Chapman 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
|SOURCE ThermoGenesis Corp.|
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