INDUSTRY NEWS Cutting Edge Expansion: BloodCenter Funds to Boost Research Armed with a $4 million recruiting budget, the BloodCenter of Wisconsin has created a new Medical Sciences Institute that is expected to increase the center’s revenue by more than $1 million annually once it is operational. Cord Blood America Signs Letter of Intent with BioCell The deal between Cord Blood America and Biocell is pending due diligence, and if it is completed successfully, anticipates the contract closing in the first quarter of 2010. Cord Blood America Completes Financings for 2010 Acquisition, Growth Strategy Cord Blood America, Inc. (CBAI) announced that it has completed capital raises over the last 18 months totaling $16.8 million, including a new $3 million financing focused on avoiding dilution and being investor-friendly as CBAI puts in place its business strategy for success in 2010. China Cord Blood Corporation Announces Full Exercise of Over-Allotment Option China Cord Blood Corporation announced that the underwriters of its recent public offering of common stock have exercised the remaining portion of their over-allotment option, which will result in the issuance of an additional 181,000 ordinary shares. Novartis, BloodSource Kick-Off Effort to Increase Blood Donations by African-Americans BloodSource and Novartis Diagnostics announced a partnership recently to encourage African-Americans to donate blood and register as bone-marrow donors. Father Turns Tragedy into Hope through Cord Blood Bank Natasha, a medical student at Yale University when she died in August, was of mixed race, and that put her on the most unlevel of playing fields in the search for a bone marrow match. Virgin Begins Stem Cell Training for Qatar’s Hamad Medical Corporation Staff Bringing in experts from United Kingdom, Virgin Health Bank launched a comprehensive cord blood training initiative for Hamad Medical Corporation staff, recently. BIO-key® Launches TruDonor ID™, the First SaaS (Software as a Service) Biometric Identification Solution BIO-key International, Inc. recently announced the launch of TruDonor ID, a fully hosted identity solution tailored to address the needs of the blood collection industry.
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