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Cytori and Lorem Announce China Approval of Regenerative Medicine Device

publication date: Apr 6, 2015
Cytori Therapeutics of San Diego, together with its China-Asia licensee, Lorem Vascular, received CFDA regulatory clearance to market the Cytori Celution® System, a device that processes stem cells from adipose tissue. The companies did not specify an indication for the device, though it has been in trials elsewhere as a treatment for heart failure, scleroderma and osteoarthritis along with aesthetic uses. In 2013, Lorem signed a $531 million, 30-year deal to in-license rights for the system in China, Hong Kong, Malaysia, Singapore and Australia. More details....

Stock Symbol: (NSDQ: CYTX)

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