Cytomedix Announces Nationwide Contract for Use of Autologel Wound Therapy With National Healthcare Corporation, Inc.Business Editors, Health & Medical Writers NORTHFIELD, Ill.--(BUSINESS WIRE)--June 13, 2002 Cytomedix (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYDX) announced today a definitive agreement for the use of the AutoloGel(TM) Process by National Healthcare Corporation (NHC NHC National Hurricane Center NHC Naval Historical Center NHC National Housing Conference NHC National Hurricane Conference NHC National Healthcare Corporation NHC No Homers Club (Simpsons cartoon) ) in their 85 facilities for the treatment of chronic wounds. Implementation of the AutoloGel Process is to begin immediately. Cytomedix's proprietary AutoloGel Process is an advanced wound therapy, which is easily applied to patient wounds at the point of patient care. Using the autologous autologous /au·tol·o·gous/ (aw-tol´ah-gus) related to self; belonging to the same organism. au·tol·o·gous adj. 1. healing components from platelet rich plasma, chronic wounds have an increased rate of volume reduction and heal with fewer dressing changes, providing decreased cost and increased healing efficacy for long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. providers. It has been shown to be highly effective in company-sponsored retrospective studies retrospective study, a study in which a search is made for a relationship between one phenomenon or condition and another that occurred in the past (e.g. for treatment of a variety of chronic wounds. Kent Smith, President/CEO of Cytomedix said, "NHC's commitment to both quality and innovation within the long-term care marketplace are well-known. We are very pleased by their decision to integrate the AutoloGel Process into their centers to further enhance their healing rates for chronic wounds." Mr. Smith also noted that, "Our customers' acceptance of the Autologous Process continues to validate its advanced healing advantages, especially for pressure ulcers, which remain an area of great concern within the $13 billion chronic wound care market." About Cytomedix Cytomedix, Inc. is a biotechnology company specializing in developing, producing, licensing, and distributing autologous cellular therapies, which are therapies using the patient's own body products. Cytomedix, Inc. offers a proprietary platelet gel and related product therapies for the treatment of chronic, non-healing wounds to various health care providers. To create the proprietary platelet gel product, the patient's own platelets and other essential blood components for the healing process are separated through centrifugation Centrifugation A mechanical method of separating immiscible liquids or solids from liquids by the application of centrifugal force. This force can be very great, and separations which proceed slowly by gravity can be speeded up enormously in centrifugal and formed into a gel, AutoloGel(TM), that is topically applied to the patient's wound under the direction of a physician. Forward-Looking Statements Statements contained in this press release not relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc historical facts are forward-looking statements that are intended to fall within the safe harbor rule safe harbor rule Antitrust law A federal guideline as to what constitutes antitrust activity, established by the FTC and Justice Dept, after specific legislation–which might be open to misinterpretation–is enacted. Cf Self-referral. for such statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The information contained in these forward-looking statements is inherently uncertain, and Cytomedix's actual results may differ materially due to a number of factors, many of which are beyond Cytomedix's ability to predict or control, including among others, governmental regulation, acceptance by the medical community and competition. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual events to differ from the forward-looking statements. More information about some of these risks and uncertainties may be found in the reports filed with the Securities and Exchange Commission by Cytomedix, Inc. |
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