Japan Cell Therapy Transaction Yields $3MM
CYTORI THERAPEUTICS (CYTX)
Last cytori therapeutics earnings: 11/14 04:15 pm
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US:NASDAQ Investor Relations:
ir.cytori.com/investor-relations/default.aspx
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Source: GlobeNewswire
SAN DIEGO, April 23, 2019 (GLOBE NEWSWIRE) -- Cytori Therapeutics (NASDAQ: CYTX) (“Cytori” or the “Company”) today announced a transaction to divest certain cell therapy assets to Seijiro Shirahama of Tokyo, Japan yielding $3MM in non-dilutive funding to the Company, before related transaction expenses. “This cell therapy asset sale strengthens the company’s ability to achieve a number of important objectives including – enabling us to focus on our clinical stage oncology pipeline while bringing in additional non-dilutive capital,” said Dr. Marc Hedrick, Cytori President & Chief Executive Officer. This announcement follows an April 1, 2019 announcement stating that Cytori was to divest certain cell therapy assets to Lorem Vascular of Melbourne, Australia yielding $4MM in non-dilutive funding to the Company, before related transaction expenses. Building our clinical stage oncology business Our lead clinical stage asset, ATI-0918, is an important potential therapy for breast and o
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