Increasing Acceptance of Umbilical Cord Blood Stem Cells as a Curative
Therapy Driving Growth
ARCADIA, Calif., Oct. 3 /PRNewswire/ -- StemCyte, Inc. has been named to Deloitte's prestigious Technology Fast 50 Program for Los Angeles, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006.
StemCyte's CEO Ken Giacin credits growing acceptance of umbilical cord blood stem cells for transplantation and StemCyte's outstanding record of favorable clinical outcomes for patients with leukemia and other blood diseases for the Company's excellent growth record.
Giacin said, "StemCyte has become one of the largest and most racially diverse cord blood banks in the world. This award represents the excellence of StemCyte's employees and the steadfast support of the transplant physician community."
StemCyte's increase in revenues of 1888% from 2002 to 2006 resulted in the company being the #1 fastest growing biotechnology company in the Technology Fast 50 for Los Angeles. "Deloitte's Los Angeles Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Tony Buzzelli, Vice Chairman and Regional Managing Partner, Pacific Southwest Region, Deloitte & Touche LLP. "We applaud the successes of StemCyte and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
To qualify for the Technology Fast 50, companies must have had
operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be
headquartered in North America, and be a company that owns proprietary
technology or proprietary intellectual property that contributes to a
significant portion of th
|SOURCE StemCyte, Inc.|
Copyright©2007 PR Newswire.
All rights reserved