Cesca Therapeutics Provides Commercialization Update For Its X-Series™ Product Line
CESCA THERAPEUTICS INC COMMON (KOOL)
Last cesca therapeutics inc common earnings: 8/13 04:05 pm
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Source: PR Newswire
RANCHO CORDOVA, Calif., Sept. 5, 2018 /PRNewswire/ -- Cesca Therapeutics Inc. (NASDAQ: KOOL), a market leader in automated cell processing and point-of-care, autologous cell-based therapies, announced today that is has sold X-LAB™ and/or X-WASH® systems to four initial institutions/entities, and expects to end 2018 with a significant increase in the number of new customers. Since the first formal exhibition of its X-Series platform in May 2018, the Company has received consistently positive feedback and interest in the product line. Cesca will include a commercialization update during its presentation at the upcoming HC Wainwright conference, on September 6, 2018. "Although sales of the X-Series instruments are one-time transactions, each results in recurring sales of single-use cartridges. We anticipate between 2,500 and 3,500 cartridge sales from customers acquired in 2018," stated Chris Xu, PhD, chief executive officer of Cesca. Dr. Xu continued, "We are very encouraged by the re
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