honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser

Updated at 2:45 p.m., Friday, June 22, 2007

Tissue Genesis signs deal with veterinary company

Advertiser Staff

Honolulu-based Tissue Genesis Inc. announced plans to distribute its regenerative medicine technology in the veterinary market via Poway, Calif.-based Vet-Stem Inc. Under terms of an exclusive distributing and licensing agreement, Vet-Stem will provide Tissue Genesis a combination of equity and royalties and revenue from future sales of TGI 1000 cell isolation systems, TGI 1000 disposables and TGI 100 kits.

"This strategic alliance leverages Tissue Genesis' cell isolation expertise and opens up a new market for its TGI 1000 platform," said Anton Krucky, president and chief executive for Tissue Genesis. "Our agreement empowers Vet-Stem to take their veterinary solutions to a new level, and we are looking forward to working closely with their team as we continue to make strides to find innovative veterinary applications, such as cell-based emergency medicine."