Distribution agreement signed with leading Iberian medical services provider extends reach in Spain and Portugal
Cryo-Save Group N.V. (AIM: CRYO, “Cryo-Save”), Europe’s leading stem cell bank, has signed an exclusive distribution agreement for the Iberian market with the Spanish subsidiary of Labco, a leading pan European medical diagnostic labs network. As a result of this agreement, Cryo-Save will further strengthen its leadership position in Spain and have an additional channel to market in Portugal.
In Spain and Portugal, the laboratories of Labco will be used as a point of contact and sale for potential Cryo-Save customers. Labco, with around 1,000 laboratories in Spain and Portugal, will train medical staff to collect the cord blood and on Cryo-Save’s logistics procedures.
Cryo-Save will pay a fee for the samples successfully stored. The first samples collected via the Labco laboratories are expected to be received by Cryo-Save in October 2009.
Rob Koremans, Chief Executive, commented:
This agreement with Labco is another good opportunity for us to widen our sales capabilities in one of our key markets and gain market share in Portugal. Through Labco’s laboratories we can focus marketing spend and improve our high quality standards. This agreement also provides an excellent basis for expanding the cooperation with Labco into other European countries.
For further details
+ 31 (0) 575 548998
Rob Koremans, Chief Executive
Arnoud van Tulder, Chief Financial Officer
Daniel Stewart & Company plc
+ 44 (0) 20 7776 6550
Simon Leathers/Charlotte Stranner
+ 44 (0) 20 7457 2020
Adrian Duffield/Rozi Morris
With more than 100,000 samples saved, Cryo-Save is the leading stem cell bank in Europe and one of the fastest growing in the world. Driven by its international business strategy, Cryo-Save is now represented in 38 countries on three continents and has state-of-the-art processing facilities in Belgium, Germany, Dubai, India and France (under construction).
Cryo-Save sets the highest quality standards in stem cell storage, as it aims to make an important contribution to conquer possible life-threatening diseases in the future. As a service to the public, Cryo-Save offers a Cost-free Family Donation Programme, free of charge, to families wishing to store their newborn’s umbilical cord blood stem cells for a family member diagnosed with a life-threatening disease treatable by stem cells. The company is committed to further improve stem cell cryopreservation techniques, by participating in European Commission funded projects, in Universities and Hospitals.