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Cardium Reports on First Quarter 2009 Financial Results and Recent Developments
Date:5/11/2009

b study and in anticipation of a Phase 3 clinical study and future commercialization, the Company's continuing process development activities have led to an important breakthrough in product formulation that not only significantly simplifies the use of Excellarate, but opens the door to additional potential applications of the Excellarate technology in a number of other wound healing market opportunities. The product formulation that was used in the Phase 2b study required storage in a -70 degrees Celsius freezer and a two syringe mixing process prior to treatment. The new product formulation is designed to be maintained in a physician's office using a standard refrigerator (at a temperature of about 4 degrees Celsius) and to have a shelf life of 12-18 months. It will also be formulated as an easy-to-use single syringe that is pre-mixed and ready to be applied to patients' wounds.

The Company believes that with the completion of the Phase 2b MATRIX study, the Tissue Repair Company will have reached a key valuation inflection point within Cardium's investment portfolio and in concert with this, plans to consider potential development and commercialization partnerships for Excellarate with large pharmaceutical companies and companies focused on wound healing. With continued clinical advancement, Excellarate offers the potential to be commercially available in late 2011 or early 2012.

InnerCool Therapies

Cardium continues to build and enhance its InnerCool Therapies operating unit with a specific focus on the development of a new class of targeted organ-specific cooling applications, including its UroCool(TM) pelvic cooling catheter system, which is designed to induce localized cooling during surgery for prostate cancer. An application for FDA 510(k) clearance of the UroCool(TM) system was submitted in the first quarter of 2009. Cardium believes that InnerCool has reached a significant valuation in
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SOURCE Cardium Therapeutics
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Related medicine news :

1. Cardium Reports on New Excellarate(TM) Product Formulations to Expand Commercialization Potential Into Multiple Wound Healing Applications
2. Cardium Provides Update Regarding Exchange Listing Compliance Plan Accepted by NYSE Amex
3. Cardiums InnerCool Announces Journal of Neurotrauma Highlights Hypothermia Therapys Role in Post Cardiac Arrest, and Traumatic Brain and Spinal Cord Injury Patients
4. Cardium Reports on Recent Highlights, Financial Results and 2009 Outlook
5. Cardiums Exchange Listing Compliance Plan Accepted by NYSE Alternext US
6. Cardiums InnerCool Reports on Expanding Use of Therapeutic Hypothermia
7. Cardiums InnerCool Announces Launch of New Enhanced Website
8. Cardium Reports on Exchange Listing With NYSE Alternext US
9. Cardium Reports on New York Citys Adoption of Therapeutic Cooling Protocols for Cardiac Arrest Patients
10. Cardium Announces Investor Presentation and Corporate Update Webcast
11. Cardium Completes $6.0 Million Financing
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