– USA, FL – Cryo-Cell International, Inc. (Nasdaq: CCEL), the leader in cord blood and cord tissue cryopreservation services, today announced the appointments of Co-CEO Mark Portnoy and Daniel Mizrahi to its Board of Directors, replacing George Gaines and Dr. Jonathan Wheeler who have resigned from the Board.
Mr. Portnoy is a Co-CEO of the Company and previously served as a member of the Board of Directors from 2011-2020.
Mr. Mizrahi currently serves as the CEO of Power Tech, S.A. Power Tech is a leading manufacturer and distributor in Guatemala of more than 2,500 items, including medical products, ladies’ personal care products, and hardware tools to over 3,000 retail stores.
About Cryo-Cell International, Inc.
Founded in 1989, Cryo-Cell International, Inc. is the world’s first private cord blood bank. More than 500,000 parents from 87 countries have entrusted Cryo-Cell International with their baby’s cord blood and cord tissue stem cells. In addition to its private bank, Cryo-Cell International has a public banking program in partnership with Duke University. Cryo-Cell’s public bank has provided cord blood for more than 600 transplantations and operates cord blood donation sites across the U.S in prominent hospitals such as Cedars–Sinai Hospital in Los Angeles and Baptist Hospital in Miami. Cryo-Cell’s facility is FDA registered, cGMP-/cGTP-compliant, and licensed in all states requiring licensure. Besides being AABB accredited as a cord blood facility, Cryo-Cell was also the first U.S. (for private use only) cord blood bank to receive FACT accreditation for adhering to the most stringent cord blood quality standards set by any internationally recognized, independent accrediting organization. Cryo-Cell owns the exclusive rights to PrepaCyte-CB, the industry’s most advanced cord blood processing technology.
Cryo-Cell’s mission has been to provide clients with state-of-the-art cord blood and cord tissue cryopreservation services, raise awareness of the opportunity for expectant parents to the bank or donate their baby’s cord blood and support the advancement of regenerative medicine. In February 2021, Cryo-Cell entered into a license agreement with Duke University that transformed Cryo-Cell into an autonomous, vertically integrated cellular therapy company that will be able to treat patients.
For more information: https://www.cryo-cell.com/
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