Cytomedix (CMXI) to Receive Additional $2.5M Payment as Part of Official Option Extension
Cytomedix Inc., a leading developer of biologically active regenerative therapies for wound care, inflammation and angiogenesis, today announced that as part of the official extension of its license agreement with a top global pharmaceutical company, it will receive an additional $2.5 million non-refundable payment, which is expected to be received on or before February 15, 2012. The option extension will now run through June 30, 2012, during which time the companies will establish a formal negotiation of an exclusive license and supply agreement for the distribution of the Cytomedix’ AutoloGel™ System. "We are especially pleased to extend the option period…