New storage record - 7,300 samples stored in Q3 2009, 12% up on Q3 2008 and 4% up on Q2 2009
Cryo-Save Group N.V. (AIM: CRYO, “Cryo-Save” or “the Group”), Europe’s leading stem cell bank, has published its Q3 2009 sample storage numbers for the quarter to 30 September 2009.
7,300 samples were stored in Q3 2009, up 12% over Q3 2008 (6,500 samples), and up 4% over Q2 2009 (7,000 samples). This is again an all time record for the Group.
Since the introduction mid 2008 of the additional service to process and store stem cells from the umbilical cord itself, the Group has stored around 2,500 cord samples.
Separately the development of the processing and storage facility in Lyon, France is progressing. The Group aims to complete the installation, which will costs around €1 million, in early 2010. Subject to regulatory clearance, the Group expects to start using the Lyon facility in the first half of 2010. In the meantime Cryo-Save continues to sell its services to French customers via its Swiss operation.
Marc Waeterschoot, Chief Executive, commented:
“The positive trend set during the first half of this year has continued during the third quarter. Although we were slightly impacted by the normal slower summer sales in our main markets in Southern Europe.
“This growth compared to the second quarter, which was our best quarter ever, underpins our strong position for sustainable growth across a number of countries. Coupled with the further roll out of our umbilical cord services to more countries and the expected growth of sales, especially in India and France, we remain confident for a good fourth quarter.”
For further details:
Cryo-Save Group + 31 (0) 575 548 998
Marc Waeterschoot, Chief Executive
Arnoud van Tulder, Chief Financial Officer
Daniel Stewart & Company plc + 44 (0) 20 7776 6550
Simon Leathers
College Hill + 44 (0) 20 7457 2020
Adrian Duffield/Rozi Morris