Corporate Profile for LifeCell Corporation, dated December 4, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: December 4, 1998
Company Name: LifeCell Corporation
Address: 3606 Research Forest Drive
The Woodlands, Texas 77381
Main Telephone
Number: 281/367-5368
Internet Home
Page Address
(URL) www.lifecell.com
Chief Executive
Officer: Paul G. Thomas
Investor Relations
Contact: Rebecca L. Elliott
Business number: 281/367-5368
Public Relations
Contact: Rebecca L. Elliott
Business number: 281/367-5368
Trading Symbol/
Exchange: LIFC/Nasdaq
Industry: Healthcare: Medical Technology and Device,
Biomedical
Market Makers: Vector Securities International, Gruntal & Co.,
Harris, Webb & Garrison, Troster Singer, Mayer &
Schweitzer
Company description: LifeCell Corporation (Nasdaq:LIFC) is a bioengineering bioengineering Application of engineering principles and equipment to biology and medicine. It includes the development and fabrication of life-support systems for underwater and space exploration, devices for medical treatment (see company engaged in the development and commercialization of tissue regeneration and cell preservation products. The Company's patented core technology serves as platforms for a broad range of potential products addressing significant clinical needs in multiple markets. LifeCell's first commercial product is AlloDerm(R), an extracellular extracellular /ex·tra·cel·lu·lar/ (-sel´u-lar) outside a cell or cells. ex·tra·cel·lu·lar adj. Located or occurring outside a cell or cells. tissue matrix that retains the essential biochemical and structural composition of human dermis dermis: see skin. . When transplanted to a patient, the AlloDerm dermal dermal /der·mal/ (der´mal) pertaining to the dermis or to the skin. der·mal or der·mic adj. Of or relating to the skin or dermis. matrix is incorporated into the surrounding tissue and is repopulated with the patient's own cells. Moreover, AlloDerm guides the new cells to remodel re·mod·el tr.v. re·mod·eled also re·mod·elled, re·mod·el·ing also re·mod·el·ling, re·mod·els also re·mod·els To make over in structure or style; reconstruct. and maintain the matrix, establishing a new functional living tissue. AlloDerm is the only commercial tissue transplant product that promotes normal human soft tissue regeneration. It is marketed and sold for use in reconstructive plastic, dental and burn surgery. Since the commercial introduction of AlloDerm grafts in late 1994, more than 30,000 patients have been treated with AlloDerm tissue products. In addition to AlloDerm, the Company's current tissue graft graft, in surgery: see transplantation, medical. graft In horticulture, the act of placing a portion of one plant (called a bud or scion) into or on a stem, root, or branch of another (called the stock) in such a way that a union forms and the development programs include the LifeCell(R) heart valve, vascular grafts and nerve connective connective - An operator used in logic to combine two logical formulas. See first order logic. tissue. LifeCell's product development programs also include ThromboSol(TM), a formulation for extending the shelf life of transfusable platelets, and technologies to enhance the storage of red blood cells Red blood cells Cells that carry hemoglobin (the molecule that transports oxygen) and help remove wastes from tissues throughout the body. Mentioned in: Bone Marrow Transplantation red blood cells , granulocytes Granulocytes White blood cells. Mentioned in: Blood Donation and Registry granulocytes (granˑ·y and stem cells stem cells, unspecialized human or animal cells that can produce mature specialized body cells and at the same time replicate themselves. Embryonic stem cells are derived from a blastocyst (the blastula typical of placental mammals; see embryo), which is very young . LifeCell was founded in 1986 and is headquartered in The Woodlands, Texas. For additional information about the company, visit LifeCell's web site at http://www.lifecell.com. -0- As of September 30, 1998: Ticker Symbol (Nasdaq): LIFC Current Price: $3.938 52-week high/low $3.25-8.375 Market Capitalization: $59.5 million Common Shares Outstanding: 11.3 million Common Equivalent of Preferred Stock Outstanding: 3.8 million Total Common Equivalent Shares Outstanding: 15.1 million Cash and Short-term Investments: $14 million Long-term Debt: None Product Sales: Year ended December 31, 1997: $6.0 million First Nine months 1998: $5.8 million Net Income/Loss: Year ended December 31, 1997: $6.1 million First Nine months 1998: $4.6 million -0- |
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