Files registration statement with the Securities and Exchange Commission for a proposed offering of 1.25 mil. shares of common stock (1 mil. by the company; 250,000 by selling shareholders) at a proposed maximum offering price of $3.75 per share. The development-stage company is seeking FDA 510(k) premarket clearance for its sealed cellular storage unit, which stores cells in liquid nitrogen, vapors or other media. The computerized unit allows for automatic insertion and retrieval of vials on an individual basis "without warm air invading the chamber and affecting the other stored materials," the prospectus states.
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