Stematix™, Inc. Signs Contract With Laboratorios Bagó SA
Houston, Feb. 15, 2010--HTC client Stematix, Inc., a regenerative medicine provider positioned to accelerate safe and effective global use of stem cell therapies, announced today that it entered into a 10-year exclusive agreement with Laboratorios Bagó (Buenos Aires, Argentina), a leading Argentine medical products company. Under terms of the Agreement, Laboratorios Bagó will distribute a variety of Stematix orthopedic and cellular products for use in regenerative and related medical treatments. The terms of the contract were not disclosed, but the contract also provides the option of additional forms of joint collaboration in clinical trials and treatments.
Regenerative medicine is already being used in therapy around the world. Already, many indications have been treated using cells from bone marrow and umbilical cord cells. In order to provide more widespread world-class regenerative medicine therapy, Stematix has established a model for fast-tracking therapies using cell sources from bone marrow to other allogeneic (cross-patient) sources of stem cells, such as umbilical cord and placental cells. As part of this model, Stematix is in-licensing and partnering with strong local partners in several key regions of the world, as well as developing its own, new technologies.
Stematix, Inc., was a sponsor of the 5th Annual Stem Cell Summit (www.stemcellsummmit.com) in New York City on February 16 and a presenter at that conference.
Stematix™, Inc. (Houston, USA) is a regenerative medicine delivery company whose goal is to make regenerative medicine products and treatments available to patients as soon as possible – at reasonable cost and to international medical standards.
Laboratorios Bagó SA (Buenos Aires, Argentina) is one of the major Argentine medical products organizations with a strong presence in several Latin American countries. The Bagó Group comprises different companies focused on health care, and on improving life quality, as well as providing high tech services in strategic areas.