September 1, 2015 11:48am

A vote of confidence; KOOL received $5.5 M in gross proceeds at the initial closing. At the second closing, the balance of $9.5 M will be placed into a restricted control account and will be released to Cesca upon the achievement of agreed upon milestones, including approval from the California Institute for Regenerative Medicine (CIRM) of the KOOL's application for matching funds in the form of a CIRM grant.


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