Cryo
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Cryo-Cell International Inc (CCEL) is a healthcare company based in Oldsmar, Florida, known for its stem cell cryopreservation services. It primarily preserves umbilical cord blood and cord tissue stem cells for family use, storing these cells for potential future medical applications.
The company generates revenue through its core service of processing and long-term cryogenic storage of cord blood and tissue. It markets these preservation services directly to expectant parents and also distributes information through a network of healthcare professionals, including obstetricians and pediatricians. Beyond family storage, the company also processes and stores cord blood stem cells for public use and manufactures the PrepaCyte CB processing system, a proprietary technology used for preparing cord blood stem cells.
Cryo-Cell has expanded its commercial operations to include cold storage services for third-party clients, such as pharmaceutical companies and medical institutions. Founded in 1989, the company operates in the specialized field of biobanking, focusing on the collection, processing, and preservation of biological materials at ultra-low temperatures. Its business model is built on providing these storage services under long-term contracts to both individual families and institutional clients.