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Esperite N.V.

Esperite N.V.

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Publicatie datum 17 mei 2011 - 07:10
Statutaire naam Esperite N.V.
Titel Announcement of milestone payment for storing umbilical cord tissue in Serbia and launch in Switzerland
Bericht Cryo-Save Group N.V. (Euronext: CRYO, 'Cryo-Save', or 'the Group'), the leading international family stem cell bank, announced today the milestone payment of €500,000 as a result of obtaining permission by the competent authorities to start the collection, processing and storing of umbilical cord tissue in Serbia. Following the acquisition of a 70% interest in its Serbian distributor, Life R.F. doo ('Life R.F.') earlier this year, the Group agreed to a milestone payment of €500,000 payable to the previous shareholders upon obtaining said permission.