NEW YORK, June 14, 2013 /PRNewswire/ -- IntelliCell BioSciences, Inc. ("Company") (OTC Pink: SVFC) announced today that on May 14, 2013 through June 2, 2013, its cellular laboratory facility underwent a thorough inspection by the FDA. The observations from the FDA inspection were provided to the company in the Form 483. The Company will respond to those observations in a timely manner. IntelliCell will take the necessary actions to address the relevant FDA observations.
IntelliCell's Chairman and CEO, Dr. Steven Victor, stated, "Our Company is very pleased that the FDA has inspected our new flagship cellular laboratory. While there are many companies and physicians' practices in the cellular/regenerative medicine space that may attempt to avoid contact with the FDA, IntelliCell has adopted a more transparent approach. We will continue to work hard with the FDA to meet all cGTP requirements for the manufacturing of Human Cells, Tissues, and Cellular and Tissue-Base Products
intelliCell needs to:
A) Correct some lab requirements to appease the FDA
B) Selling out to a large pharma
C)Merge with a cutting edge company who needs a device for adipose reconstructive surgery(like BTX)