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CytoSorbents Corporation
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CytoSorbents Corporation

http://www.cytosorbents.com/
Last activity: 13.08.2024
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Categories: CareCauseDrugHardwareHealthTechInformationMarketMedTechProductTechnology
CytoSorbents Corporation (NASDAQ CM: CTSO; Monmouth Junction, NJ) is a publicly-traded, critical care focused immunotherapy company using blood purification to treat life-threatening illnesses. Its purification technology is based on biocompatible, highly porous polymer beads that can actively remove toxic substances from blood and other bodily fluids by pore capture and surface adsorption. Each polymer bead contains millions of pores and channels that can be modified to remove substances as small as drugs, to substances as large as antibodies.

In March 2011, CytoSorb™, the Company's flagship product, achieved European regulatory approval as an extracorporeal cytokine filter, and can now be sold throughout the European Union (E.U.) under the CE Mark to be used in clinical situations where cytokines are elevated. The goal of CytoSorb™ is to modulate the immune system by removing excessive cytokines, often called "cytokine storm", in critically-ill patients that can lead to deadly inflammation, multiple organ failure, immune dysfunction, and often death in common illnesses such as sepsis, trauma, burn injury, acute respiratory distress syndrome, and pancreatitis. CytoSorb™ has demonstrated statistically significant reductions in mortality in septic patients at high risk of death and is now available for sale in Germany for the treatment of critical care illnesses under a controlled market release, with a planned broad product launch in Germany anticipated for the first half of 2012 and availability in other E.U. countries, assuming adequate and timely funding, and continued positive results from our clinical studies.

HemoDefend is a development-stage blood purification technology platform for the blood transfusion industry intended to reduce transfusion reactions and safeguard the quality and safety of blood products. The HemoDefend technology utilizes the Company's polymer bead technology to remove many substances, such as antibodies, free hemoglobin and inflammatory mediators that can cause potentially serious and sometimes fatal transfusion reactions.

CytoSorb™ and HemoDefend are just two of a number of different resins the Company has designed for various medical applications, including improved dialysis, the potential treatment of inflammatory and autoimmune disorders, rhabdomyolysis in trauma, removal of chemotherapy drugs during treatment of cancer with high dose regional chemotherapy, drug detoxification, and others. Additional information is available in the Investor Relations section.

CytoSorbents operates through its wholly-owned subsidiary, CytoSorbents, Inc., and conducts its European business through its wholly-owned subsidiary, CytoSorbents Europe GmbH.
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Followers
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Followers
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Mentions
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Overview

Location
Switzerland, Basel-Country, Reinach
Employees
201-500
Phone
+1 732-329-8885
Total raised
$5.1M
Founded date
2012

Funding Rounds 2

DateSeriesAmountInvestors
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Dec 2, 2020Funding round$100K

Mentions in press and media 69

DateTitleDescription
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Jul 2, 2024CytoSorbents Secures $20 Million Credit FacilityPRINCETON, N.J., July 02, 2024 (GLOBE NEWSWIRE) -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary...
Jul 2, 2024CytoSorbents Secures $20 Million Credit FacilityCredit facility provides timely non-dilutive capital to support ongoing global commercialization of CytoSorb® as well as regulatory submissions and potential commercialization plans for DrugSorb™-ATR in the U.S. and Canada PRINCETON, N.J., ...
Mar 6, 2024CytoSorbents to Report Fiscal 2023 Operating and Financial Results
Dec 13, 2023CytoSorbents Announces Closing of $10.3 Million Registered Direct Offering
Jan 2, 2023CytoSorbents Receives $5M in Debt FinancingCytoSorbents Corporation (NASDAQ: CTSO), a Princeton, NJ-based leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary polymer adsorption technology,...
Jan 2, 2023New Jersey blood purification startup CytoSorbents Corporation startup raises USD 5 million in Debt FinancingCytoSorbents Corporation, a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery through blood purification using its proprietary polymer adsorption technology, announced that it had received...
Dec 21, 2021CytoSorbents Appoints Daniel Wendt, MD, PhD, MHBA, FECTS as Vice President, Medical Affairs CardiovascularMONMOUTH JUNCTION, N.J., Dec. 21, 2021 /PRNewswire/ -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification, announces the ...
Nov 16, 2021CytoSorbents to Present at the Canaccord Genuity MedTech, Diagnostics and Digital Health & Services Forum and Jefferies London Healthcare ConferenceMONMOUTH JUNCTION, N.J., Nov. 15, 2021 /PRNewswire/ -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification, announces its ...
Nov 4, 2021Third Quarter 2021 total revenue was $9.8 million, including product sales of $8.9 million. Core non-COVID-19 product sales increased 3% Y-Y to approximately $7.8 million - Form 8-KThird Quarter 2021 total revenue was $9.8 million, including product sales of $8.9 million. Core non-COVID-19 product sales increased 3% Y-Y to approximately $7.8 million. MONMOUTH JUNCTION, N.J., November 4, 2021 - CytoSorbents Corporation...
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FAQ about CytoSorbents Corporation

When was CytoSorbents Corporation founded?

CytoSorbents Corporation was founded in 2012.

How much funding has CytoSorbents Corporation raised?

CytoSorbents Corporation has raised $5.1M in total across 2 funding rounds.

What funding rounds has CytoSorbents Corporation raised?

Parsers VC lists 2 funding rounds of CytoSorbents Corporation, among them a funding round of $100K on Dec 2, 2020.

What has the press written about CytoSorbents Corporation?

Parsers VC has collected 69 articles mentioning CytoSorbents Corporation, among them “CytoSorbents Secures $20 Million Credit Facility” (Jul 2, 2024) and “CytoSorbents Secures $20 Million Credit Facility” (Jul 2, 2024).

Is CytoSorbents Corporation still active?

Yes, CytoSorbents Corporation is active; its latest activity on Parsers VC dates from Aug 13, 2024.