Friday, March 25, 2011

Thermogenesis agreement with Chinese stem cell international company

Thermogenesis Corp. has signed an agreement for AXP and Bioarchive cord blood systems with Beike. Thermogenesis is the leading supplier of products and services that store adult stem cells. It will supply Beike a stock of AXP and Bioarchive systems for the fiscal year 2011 to be used for processing and stem cells storage. Beike with its headquarters in China provides full range of products obtained from cord blood, umbilical cord tissue and bone marrow cells. It operates three cord blood processing and storage facilities and also eighteen laboratories including cord blood collection, stem cell international research and stem cells banks.

The collaboration between both the organizations will lead to the development of advanced technologies. The approach will further lead to automation of the process for expansion of particular types of stem cells from cord blood. However, menstrual blood stem cells have also the same potential to divide into several other cell types and cure numerous medical disorders just like those obtained from cord blood and umbilical blood. By getting into partnership with Beike, Thermogenesis is hoping to tap the Chinese market which is growing at a high rate in the present day. Their collaboration will aid in the development of the market further. On the other hand, to adopt AXP and Bioarchive technologies is critical for Beike’s strategy to become a leading company in technology and quality services. Further as per company’s CEO AXP implementation is highly critical to become the first bank in China and receive recognition from AABB to process and store cord blood.

Beike biotechnology Co. Ltd

It is among top most biotechnology companies operating in stem cell therapy and stem cell banking. The company’s scientists are dedicated to develop and then commercialize adult stem cells therapies since the year of 1999. The company commenced with its banking operations in the year 2008. Currently, it produces stem cells obtained from umbilical cord, bone marrow and cord blood. Menstrual blood bank being rich and easy source of stem cells can be also used in the near future. The company has published its researches in many publications and journals.

Thermogenesis Corp.

The company manufactures mechanized blood processing systems and products that cannot be used again. Its various products are - AXP device that is used for cord blood processing. Bioarchive is a device used by cord blood banks and collect stem cells for cryopreservation and archiving these cells for transplantation. Others include Res-Q and CryoSeal. The company also has CE-maker for its selling activities throughout Europe.

It is being speculated that the collaboration between the two is naturally going to benefit the Chinese market.

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