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Dr. Phillip Chan Named Finalist for Ernst & Young Entrepreneur of the Year® 2012 Award in New Jersey
Date:5/11/2012

Technology Council, SolomonEdwards Group, and the New Jersey Business Journal

About CytoSorbents, CytoSorb® and HemoDefend

CytoSorbents Corporation is a critical care focused therapeutic device company using blood purification to treat life-threatening illnesses. Its purification technology is based on biocompatible, highly porous polymer beads that can actively remove toxic substances from blood and other bodily fluids by pore capture and adsorption. In March 2011, CytoSorb®  achieved European regulatory approval as an extracorporeal cytokine filter, and can now be sold throughout the European Union under the CE Mark to be used in clinical situations where cytokines are elevated. The goal of CytoSorb® is to modulate the immune system by removing excessive cytokines, often called "cytokine storm", in critically-ill patients that can lead to deadly inflammation, multi-organ failure, immune dysfunction, and often death.  CytoSorb® has demonstrated statistically significant reductions in mortality in septic patients at high risk of death and is now available for sale in limited parts of Germany under a controlled market release, with a planned broad product launch in Germany anticipated for the first half of 2012 and later in other European countries assuming adequate and timely funding, and continued positive results from clinical studies.  HemoDefend is a development-stage blood purification technology platform for the blood transfusion industry intended to reduce transfusion reactions and safeguard the quality and safety of blood products. The HemoDefend technology utilizes the Company's polymer bead technology to remove many substances, such as antibodies, free hemoglobin and inflammatory mediators that can cause potentially serious and sometimes fatal transfusion reactions. CytoSorb® and HemoDefend are just two of a number of different polymers the Company has designed for various medical applications,
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