Rancho Cordova-based medical equipment firm ThermoGenesis Corp. announced that it has entered into a long-term agreement to provide its AXP AutoXpress system to a cord blood stem cell bank in Portugal.
The companys AXP AutoXpress system is a family of automated devices used for processing stem cells from umbilical cord blood.
The cord blood stem cell bank in Portugal was identified as Bebevida.
Bebevida is a leading cord blood bank that offers cryopreservation services of both umbilical cord blood stem cells and umbilical cord tissue of newborns for family purposes in Portugal, said Matthew Plavan, CEO of ThermoGenesis. This is an important win for us, having replaced yet another competitors automated cell processing system installation, further increasing our footprint in Europe. We expect to begin the AXP conversion in February 2014.
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