Cesca Therapeutics Announces Receipt Of $2 Million Upfront Distribution Fee
CESCA THERAPEUTICS INC COMMON (KOOL)
Last cesca therapeutics inc common earnings: 8/13 04:05 pm
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US:NASDAQ Investor Relations:
investors.cescatherapeutics.com/investor-relations
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Source: PR Newswire
RANCHO CORDOVA, Calif., Oct. 2, 2019 /PRNewswire/ -- Cesca Therapeutics Inc. (Nasdaq: KOOL), a market leader in automated cell processing and autologous cell therapies for regenerative medicine, and ThermoGenesis, its wholly owned device subsidiary (the "Company"), announced today it has received the $2 million upfront distribution fee pursuant to its global distribution agreement, entered into as of August 30, 2019, for the X-Series® product line. For details of the global distribution agreement, please refer to the Company's 8-K filed with the U.S. Securities and Exchange Commission on September 6, 2019.The X-Series products are major components of the Company's CAR-TXpress™ platform, a semi-automated, closed cellular processing platform used for high efficiency cell purification and cell washing. The X-Series products, when used in combination with the Company's proprietary buoyancy activated cell sorting (BACS) technology, can be applied for both research and commercial manufact
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