MONMOUTH JUNCTION, NJ--(Marketwire - Mar 5, 2013) - CytoSorbents Corporation (
Date and Time:
March 8, 2013, 8:00 a.m. - 10:30 a.m.
The RXR Corporate Center
68 South Service Rd., Melville, New York
The presenting companies to be showcased at LICA's Health Care Capital Forum were selected by LICA for this event from a wide selection of developing medical technology, life sciences and health care information technology companies on Long Island and the nearby region. Several of the presenting companies provide best-in-class solutions to enhance medical related diagnostics and therapies as well as health care administration and productivity advancements. Each of the companies selected for presentation will provide a discussion of their technology, product of service, a financial overview and catalysts for significant growth.
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About CytoSorbents Corporation
CytoSorbents Corporation is a critical care focused therapeutic device company using blood purification to treat life-threatening illnesses commonly seen in the intensive care unit such as sepsis and infection, influenza, severe lung injury, trauma, burn injury, and pancreatitis. Its purification technology is based upon biocompatible, highly porous polymer beads that can efficiently remove toxic substances from blood and other bodily fluids. The Company's flagship product CytoSorb®, a first-in-class extracorporeal cytokine filter compatible with standard hemodialysis machines, has achieved European Union CE Mark regulatory approval and is now being commercialized in Europe. The goal of the CytoSorb® cytokine filter is to prevent or treat multiple organ failure, the leading cause of death in the intensive care unit, by reducing the excessive production of cytokines, or "cytokine storm," that could otherwise lead to deadly inflammation, organ injury, and death. Organ failure represents one of the most serious unmet medical needs in modern medicine, claiming millions of lives around the world, at a cost of hundreds of billions of dollars, each year. By actively addressing one of the most important underlying causes of organ failure, CytoSorb® represents a potentially revolutionary advance in the treatment of critical illnesses.
CytoSorbents has been awarded contracts from both DARPA and the US Army, and continues to invest significantly in its research and development pipeline. One of its most advanced products under development is HemoDefend, a blood purification technology platform for the blood transfusion industry intended to reduce transfusion reactions and improve the safety of "old" blood by removing 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 polymers the Company has developed for various medical applications, including improved dialysis, reduction of post-surgical complications in cardiac surgery, treatment of inflammatory and autoimmune disorders, radio-imaging contrast removal in imaging and interventional radiology procedures, and the treatment of rhabdomyolysis, drug overdose, and others. Additional information is available for download on the Company's website: http://www.cytosorbents.com.