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ThermoGenesis rolls out production kits for early-stage cell use, gene therapy, soaring stock


  • ThermoGenesis Inc (NASDAQ: THMO) is rolling out a new facility in the Sacramento metro area, consisting of 12 cGMP Suites Grade 7, ReadyStart available for rent by early life sciences and cell gene therapy company.

  • The deployment of ReadyStart Suites is part of ThermoGenesis’ previously announced plan to transform from a medical device company into a contract development and manufacturing organization in the field of cell gene therapy.

  • The facility is expected to be made available to customers in the second or third quarter of this year.

  • The company expects the facility to generate an estimated $10 million to $16 million in annual revenue if used at full capacity.

  • In November, THMO reported a 33% drop in net sales to $2.1 million for The third quarter ends on September 30, 2022.

  • The ReadyStart Suites are located in a more than 35,500 square foot cGMP facility.

  • ThermoGenesis’ cGMP ReadyStart cleanroom is the ideal choice for early-stage companies looking to start their development and/or scale-up efforts in the same facility, providing a turnkey solution.

  • Furthermore, software suites will remove enormous resource burden and speed up development cycles by allowing resident companies to focus on their core science.

  • Price action: THMO stock was up 87.7% at $3.96 on Wednesday’s final check.

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