Celling Biosciences, a pioneer in cellular therapy, acquires rights to ThermiGen
Apr 12, 2019, 09:27 ET
AUSTIN, Texas, April 12, 2019 /PRNewswire/ -- Celling Biosciences ("Celling"), based in Austin, Texas, acquired all the assets and stock of ThermiGen, the aesthetic device division of Spanish pharmaceutical leader Almirall. ThermiGen, founded in Dallas in 2012, commercializes a unique line of radiofrequency-based devices utilized by plastic surgeons, dermatologists, obstetricians/gynecologists and cosmetic physicians. Thermi has a strong base of over 2,000 users and generated $18 MM of net sales in 2018.
Celling will incorporate the Thermi product line as part of its expansion into the women's health and aesthetics markets. Kevin Dunworth, CEO stated, "We've been active in the orthopedics world, where we make substrates and devices to load these substrates with the patient's own cells to provide healing solutions for joint and musculoskeletal pain. We have also been involved in the plastic surgery arena but in ways to offer more minimally-invasive reconstructive solutions. Our research and development teams are pursuing next-generation devices to marry medical devices with biologics in many different healthcare applications," he said. As more studies are published showing the increase in safety and efficacy of autologous cell therapy, physicians are adopting these new treatment options for the restoration of distressed and aging tissue. Celling recently built a multi-million dollar laboratory in Austin to research and develop safe and effective methods of treating aesthetics procedures that would utilize Thermi's systems and cell therapy.
Celling believes that women's health continues to be an overlooked market segment in healthcare and believes that the market is going to achieve a much higher growth rate in the coming years. "Women play a larger role in healthcare decisions, especially in taking a proactive approach to wellness. Also, with minor changes to the algorithms used in Thermi systems, we think we can develop additional devices for use in orthopedics and pain management." The merging of the Thermi product line with the cutting-edge technology of Celling, will fast track the evolution of micro-invasive, preventative and regenerative treatments across the healthcare spectrum. Celling is in the process of acquiring other technologies and companies around all applications of medicine to build a comprehensive autologous cell therapy company.
About Celling Biosciences
Celling Biosciences is a pioneer in the science, research and development of autologous cell therapy technology. Celling products are designed to collect, process and deliver autologous cells to the patient at the point of care to accelerate the body's natural healing process. The Autologous Regenerative Therapies family of concentration systems recovers a high percentage of nucleated, progenitor and other cells by allowing selection of the cell concentrate from user-defined portions of a centrifuged stack. The proprietary system also features an integrated filter for the ultrafiltration of proteins from bone marrow or peripheral blood. For more information, please visit www.cellingbiosciences.com.
About Thermi
Thermi's flagship product is ThermiRF®, a platform technology that uses temperature as an endpoint for various non-invasive and minimally-invasive applications, such as ThermiTight®, ThermiRase®, ThermiSmooth® Face and ThermiVa®. Thermi also recently launched the state of the art ARVATI™ platform with its advanced temperature-controlled RF EPIC Technology™. For more information, please visit www.thermi.com.
Contact: Steve Melchiode, [email protected]
SOURCE Celling Biosciences