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Wednesday, April 11, 2012 10:50:56 AM
The Company announced that "it has established its wholly-owned European subsidiary, CytoSorbents Europe GmbH, with offices in Berlin, Germany. The subsidiary will manage distribution, sales and marketing, and customer support throughout Germany and other European countries."
Dr. Phillip Chan, Chief Executive Officer, stated,
"Setting up our European subsidiary with a physical office in Germany represents a key step and commitment towards the commercialization of CytoSorb™ in the European Union. This base of operations will enable us to be close to, and support interactions with customers and businesses in real-time, and will provide a central location for our sales and marketing efforts. We are excited to move forward with our strategy to make CytoSorb™, a first-in-class treatment of cytokine storm, available to patients and physicians in intensive care units throughout Europe."
Read more at MarketWatch.com.
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