CytoSorbents Secures US Govt Contract For Customized Filter Freeze-Dried Universal Plasma

  • The U.S. Army Medical Research Acquisition Activity has awarded CytoSorbents Corp CTSO a three-year Phase 3 contract valued at $4.3 million for customized HemoDefend-BGA filter for sterile integration into collections systems for freeze-dried plasma processing to generate freeze-dried universal plasma. 
  • HemoDefend-BGA enables universal plasma and fresh whole blood transfusions by reducing anti-A and anti-B blood group antibodies via the company's blood purification technology. 
  • The total addressable market for HemoDefend-BGA in transfusion medicine in westernized countries is an estimated $400-$600 million.
  • Without the need for blood typing, the widespread availability of universal plasma could help save lives via faster emergency treatment in both civilian and military settings.
  • Dr. Maryann Gruda, Principal Investigator, said the continued support and funding of anti-A and anti-B blood group antibody (BGA) reduction technology by the Defense Health Agency and U.S. Army would be instrumental in bringing this technology to market. 
  • This award will fund the development and scale-up of a specialized HemoDefend-BGA filter that can be integrated with freeze-dried plasma technologies to generate a logistically superior, low-titer plasma product.
  • The HemoDefend-BGA filter is not yet approved in the U.S. or elsewhere. 
  • Price Action: CTSO shares are up 7.34% at $1.74 on the last check Thursday.
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