Cord Blood Banking Leader Cryo-Cell Announces Its Intent to Advance Clinical Trials

OLDSMAR, Fla., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Cryo-Cell International, Inc. (The Nasdaq Stock Market Symbol: CCEL) (the “Company”), the world’s first private cord blood bank to separate and store stem cells in 1992, announces further plans for its newly developed Institute for Cellular Therapies. As a result of the exclusive license agreement signed with Duke University on February 26, 2021, Cryo-Cell acquired exclusive commercial rights to a range of intellectual property assets and FDA regulatory data around several cord blood and cord tissue derived cell therapy products that had completed Phase 1/Phase 2 clinical trials. With this, Cryo-Cell is working to develop, as described further below, a pipeline of potential cord blood- and cord tissue-derived cellular products to be tested in Phase 2 and Phase 3 randomized, placebo-controlled clinical trials to further determine safety and efficacy of these products in babies with hypoxic ischemic encephalopathy, children with cerebral palsy, children with autism spectrum disorder and other conditions. Cryo-Cell’s cellular therapies with strong signals in Phase 3 clinical trials are expected to be moved through formal FDA approval pathways to Biologics License Applications (BLA) and commercialization.

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