The number of successful releases for therapies, the high quality standards in our State-ofthe-Art labs and our close proximity to our customers make Cryo-Save unique and confirm our role as the leading international family stem cell bank for now and for the future.
CryoSave is the leading international stem cell processing and cryo-conservation company and the largest family stem cell bank in Europe, fully accredited as a Licensed Organ & Tissue Establishment for the collection, analysis, processing and cryopreservation of human adult stem cells from umbilical cord blood and cord tissue.
During the first semester, the integration of our acquisitions of Salveo Biotechnology SA’s assets provided additional capacity and facilities in Geneva allowing us to reallocate resources and activities, enhancing our operational excellence levels across the group. This allowed us to initiate the process of centralising all European cord blood and cord tissue processing and storage activities in our State-of-the-Art facility in
The acquision of the Salveo brand allowed for a strategic dual branding in Italy, Spain, Switzerland, Greece and South Africa.
The integration of laboratories, processes and resources resulted in important cost reductions and had a positive impact on the results during the 2nd half of the year. We further extended and expanded our activities in existing and new territories. In this context, we regained presence in Portugal through a Joint venture with CBB Group Sarl, the operator of the Portuguese leading Criobaby stem cell banking activities.
The 2nd pillar of our growth has been based on an organic development supported by a new and more proactive sales approach, leveraging our strong team of more than 170 sales together with our strong network of 25.000 gynecologists and 6.000 hospitals and
clinics. These B2B activities have been additionally strengthened by a new communication strategy directly targeted at end clients.
We have launched the new innovative and improved Natality collection kit. Apart from the upgrade in design appearance there are additional improvements and changes to improve the quality of the stored umbilical cord blood and cord tissue sample.