Cytori Awarded Contract Valued up to $106 Million by Biomedical Advanced Research and Development Authority

Cytori Therapeutics

has been awarded a contract that may be valued up to $106 million by the U.S. Department of Health and Human Service's Biomedical Advanced Research and Development Authority (BARDA), if all Contract Options are executed. The Contract is for preclinical and clinical development of the Company's cell therapy for the treatment of thermal burns combined with radiation injury. The aim is to evaluate and create a new countermeasure for thermal burns which would be useful following a mass-casualty event. Cytori's cell therapy is based on a patient's own adipose-derived stem and regenerative cells (ADRCs) processed by the Company's proprietary Celution® System technology.