*Chick$ with Pick$

[SpoochyMcGoo]

KOOL

ThermoGenesis stem cell process approved by FDA

Sacramento Business Journal - by Kathy Robertson, Staff writer

Date: Thursday, June 2, 2011, 1:22pm PDT

The Rancho Cordova-based company’s Res-Q system is designed to prepare cell concentrates. The first application was to process stem cells from bone marrow. A slightly modified version allows preparation of platelet-rich plasma.

“This represents a major regulatory milestone for the company and a key element of our product line extension strategy,” chairman and chief executive officer J. Melville Engle said in a statement.

The company has one distribution agreement in place for the new use and is in discussions with other potential partners, Engle said.

ThermoGenesis (Nasdaq: KOOL) provides technology to hospitals and blood banks that help in stem cell separation and preservation.

Company stock was trading at $2.18 midday Thursday. The 52-week high was $3.65 in January; the low, $1.60 in July.

[e-mail] | 916-558-7869