Cytomedix, Inc. (CMXI) and Possible Partner Extend Exclusivity and Enter Distribution Negotiations
Cytomedix, a regenerative therapies company focused on commercializing and developing innovative platelet and adult stem cell technologies for wound and tissue repair, today said it has extended the exclusivity period regarding an agreement with a Top 20 global pharmaceutical company to negotiate distribution of the AutoloGel System in the United States. The parties have agreed to extend the exclusivity period until August 30, 2012, and are now in discussions to negotiate the details of a distribution agreement. The companies expect to commence sales when the agreement is finalized, on or before the exclusivity date. The distribution agreement is expected to…