NXTCL's Cellaviva brand is expanding into Denmark
Cellaviva has now decided to expand its operations to Denmark as of 1st October 2018. The company holds all the necessary permits required to run a tissue establishment with collection of samples in both Sweden and Denmark. Cellaviva has a contract in place with midwives based in Denmark, who will be responsible for the activities on the Danish market. Family saving of stem cells is an established business in Denmark and since family saving of stem cells was first marketed in Denmark 15 years ago, several thousand parents have chosen to save their newborn child's stem cells. The board estimates that the expansion will allow for a doubling of annual sales for Cellaviva.
CEO Mathias Svahn comments
"The right time for Cellaviva's expansion is now. Starting today we can offer family stem cell saving on the Danish market. We have already been contacted by customers asking for our services. Stem cell saving from birth is more common in Denmark than in Sweden and we estimate that we will be able to get a large number of customers."
This information is the information that NextCell Pharma AB is required to disclose under the EU Market Abuse Regulation. The information was provided by the below contact person for publication on 01th of October 2018.