CytoSorbents Corporation (CTSO)

[Makenlight]

The reception of the HemoDefend technology at the AABB conference was excellent. We had steady booth traffic during the conference and received a lot of positive feedback on our unique approach from transfusion medicine specialists, possible research collaborators, and potential strategic partners. People compared HemoDefend to “washing blood without the time, expense and trouble of washing blood”. The “Beads in a Bag” configuration, where the HemoDefend beads are placed directly in the blood storage bag and allowed to contact blood directly for extended periods of time, drew much praise, as no one thought this approach could be possible, and that it enabled blood purification during the storage period in an easy to use manner without the need for any other handling or equipment. Many people were impressed that, in contrast to filter technologies, we could easily add further functionality to the HemoDefend platform by simply adding new beads optimized to remove something new to the bead mixture. Several commented that our technology was one of the few truly innovative technologies that they have seen in a long time. For potential partners, the idea of converting a commodity, low margin blood storage bag into a higher margin blood treatment system seemed to resonate with them. However, they also liked the flexibility to be able to use the beads in an in-line filter system as well, which is an additional configuration option of our HemoDefend beads. Given that our goal is to out-license this technology, we are pleased with the ongoing discussions and continued interest we have been receiving.


http://www.sec.gov/Archives/edgar/data/1175151/000114420412001976/v245290_ex99-1.htm


HemoDefend™ is a late-development stage technology platform that is available for out-licensing to potential partners.


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