Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Cryo-Cell International (CCEL.OB) Announces Launch of New Reproductive Tissue Storage Service

|Includes: CRYO-CELL International, Inc. (CCEL)

Cryo-Cell International Inc. is a global leader in family cord blood banks. The company today announced its plans to launch Cryology RTS®, a new reproductive tissue storage service for cryopreserved embryos, ocyctes and sperm.

Cryology RTS is expected to deliver high-quality, competitively priced reproductive tissue services that offer short and long-term cryogenic storage.

Cryo-Cell said that using Cryology RTS will enable invitro fertilization clinics the flexibility to focus more on patient care than common industry concerns such as professional liability exposure; space limitations; and maintaining high-quality regulatory standards.

After its initial launch in the United States, Cryo-Cell plans on introducing the service to its global network of affiliates, and anticipates that the service will generate additional and “significant” revenue.

“Cryo-Cell is very excited to launch Cryology RTS for the reproductive medicine industry and consumers,” Mercedes A. Walton, Cryo-Cell’s chairman and CEO stated in the press release. “The company expects to provide IVF clinics and their clients with a uniquely differentiated and competitively priced reproductive tissue storage service. Cryology RTS is exceptionally synergistic with Cryo-Cell’s core business and we believe that the new service could provide the company with a potentially significant source of future revenue.”

Cryo-Cell said the new service is expected to be available in early 2011.

For more information visit cryo-cell.com

Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net



Disclosure: no positions