ThermoGenesis Receives Health Canada Approval of its Next-Generation AXP® II System for Cord Blood Processing
CESCA THERAPEUTICS INC COMMON (KOOL)
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Source: PR Newswire
RANCHO CORDOVA, Calif., June 18, 2019 /PRNewswire/ -- ThermoGenesis Corp., a wholly owned subsidiary of Cesca Therapeutics (Nasdaq: KOOL), and a market leader in automated cellular processing, today announced that it has received Health Canada approval of its next-generation AXP®II system for cord blood processing.The AXP® II, together with the company's companion, single-use, cell separation set, provides automated, rapid and reproducible harvesting of stem and progenitor cells from collected units of umbilical cord blood in a "functionally-closed" sterile system. The system, which received 510(k) market clearance from the U.S. Food & Drug Administration (FDA) in November 2018, is used by premier public and private cord blood banks, worldwide. It provides customers with upgraded functionality, user interface and compatibility with newer operating systems and features an improved docking station, and XpressTRAK® software to maintain compliance with Current Good Manufacturing Practice
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