Cryo-Save Group N.V. (Euronext: CRYO, ‘Cryo-Save’, or ‘the Group’), the leading international stem cell storage company and the largest family stem cell bank in Europe, announces the completion of its Indian Management Buyout.
Cryo-Save Group N.V. (Euronext: CRYO, ‘Cryo-Save’, or ‘the Group’), the leading international stem cell storage company and the largest family stem cell bank in Europe, announces today that the Group reached agreement on the crucial terms and conditions regarding the sale and purchase of 100% of the total issued and paid share capital of its Indian subsidiary Cryo-Save (India) Private Limited.
Cryo-Save Group N.V. (Euronext: CRYO, ‘Cryo-Save’, or ‘the Group’), the leading international stem cell storage company and the largest family stem cell bank in Europe, stored 35,100 new samples in 2012 (2011: 39,900 new samples).
Cryo-Save India adds another stone to its stem cell banking service by receiving the prestigious AABB accreditation
Cryo-Save becomes the first stem cell bank operating in India to receive the WHO-GMP certification
In a country where lack of stringent regulations has been causing the general public to view stem cell banking with a certain degree of trepidation, there is reason to cheer. Cryo-Save India, subsidiary of the leading Europe-based family stem cell banking company, has become the first to receive World Health Organisation – Good Manufacturing Procedures (WHO-GMP) certification.
Cryo-Save India Private Limited, a wholly owned subsidiary of Cryo-Save, has instituted its state-of-the-art facility and R&D centre, starts to service India as well as the South-East Asia area in the near future, in Bangalore. The facility built in less than four months to operate from 7 key cities in India, has been granted all its licences and the first sample storage has been completed by its highly motivated, well trained and customer oriented team.
Trading update and Indian operation starts trading
Cryo-Save Group N.V. (AIM: CRYO, “Cryo-Save” or “the Group”), Europe’s leading adult stem cell storage bank, has published a trading update and the start of sample storage in India.
Operations to commence in India, new laboratory being built in Belgium and acquisition of its South African distributor
Cryo-Save Group N.V. (AIM: CRYO, “Cryo-Save” or “the Group”), Europe’s largest adult stem cell storage bank, has established an Indian operation, Cryo-Save India Private Ltd (“Cryo-Save India”), will build a new storage laboratory in Belgium and has acquired its South African distributor CRYOCLINIC (Pty) Ltd (“Cryoclinic”).