Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 34 n° 316

Core Dynamics on a new financing round

Posted by fidest press agency su lunedì, 20 aprile 2009

Orangeburg, N.Y. (GLOBE Core Dynamics announced that it has recently closed on a new financing round of US$17.9 million. The new financing came from institutional and private investors and will provide the necessary capital to realize both its short and long term strategic plans. “This new capital coupled with the recent development of a new process for freeze drying human stem cells to be stored at room temperature will providethe company with a significant platform for growth,” stated Sachi Norman, CEOof Core Dynamics. “Core Dynamics has primarily focused on only a small segment of the cell therapy market with a very specific product. Having these funds will now allow us to increase our sales footprint both in and outside the U.S. as well as bring new products to market that will appeal to a broader range of customers,”said Revital Rodovsky, CFO.  Core Dynamics, with offices in New York and research and development facilities in Ness Ziona, Israel, is a pioneering biotechnology company focused on advanced cell preservation technologies. Core Dynamics will revolutionize the fields of cell therapy and transfusion medicine by dramatically enhancing product stability and providing new clinical applications not possible with conventional technology. Additional information can be found at


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