Cytosorbents Corporation Explained

CytoSorbents Corporation
Traded As:NASDAQ:
Russell 2000 Component
Type:Public
Industry:Critical care
Founders:-->
Hq Location City:Princeton, New Jersey
Hq Location Country:US
Areas Served:-->
Num Employees:160
Products:CytoSorb
Revenue:US$ 41.0 Mio. (2020)[1]
Owners:-->

CytoSorbents Corporation is a publicly traded company located in Princeton, New Jersey.[2] [3] [4]

CytoSorbents sells a cytokine adsorbing column ("CytoSorb" which received CE mark approval in 2011[5]) — a blood purification technology based on porous polymer beads that act like sponges in an attempt to remove harmful inflammatory mediators like Cytokines, Bilirubin, Myoglobin from the blood.[6] [7]

The use of hemoperfusion columns is generally limited to patients who are critically ill in high-resource counties, and they require a patient to be connected to a hemofiltration system such as Dialysis, Hemofiltration Cardiopulmonary bypass or ECMO. Other blood purification devices are using different technologies with different performance parameters. This is including polymyxin B hemoperfusion columns (Toraymyxin), which failed to show significance in a clinical trial for sepsis.[8] The CytoSorb technology has actually the largest body of clinical data confirming safety and efficacy.[9] Clinicaltrials.gov is giving an overview over running research projects.[10]

CytoSorbents was awarded a $3.8 million contract by Defense Advanced Research Projects Agency (DARPA) for its “Dialysis-Like Therapeutics” program to treat sepsis by removing cytokines and pathogen-derived toxins.[11] The US Army awarded the Company a $1.15 million small-business innovation research contract to evaluate the technology in burn and trauma.[12] [13]

Notes and References

  1. Web site: CytoSorbents Announces 2020 Financial and Operational Results . 9 March 2021 . cytosorbents.com . 28 October 2021.
  2. Web site: CTSO: Summary for CYTOSORBENTS COR- Yahoo! Finance. YAHOO Finance. 9 April 2014.
  3. Web site: CTSO stock quote – CytoSorbents Corporation stock price – NASDAQ.com. NASDAQ. 9 April 2014.
  4. Web site: CTSO SEC Filings. YAHOO. 9 April 2014.
  5. Web site: With EU Regulatory Approval Gained CytoSorbents Corporation (OTCBB: CTSO) One Step Closer to Goal of FDA Regulatory Approval. OTC Equity. 9 April 2014.
  6. Web site: Baum. Stephanie. Blood purification device for ICU patients seeks to control cytokine storm. 24 May 2013. Med City News. 2013-05-24.
  7. Web site: Septic shock secondary to β-hemolytic streptococcus-induced necrotizing fasciitis treated with a novel cytokine adsorption therapy. The International Journal of Artificial Organs. 6 May 2014.
  8. Web site: Spectral Medical's Toraymyxin fails pivotal trial. MassDevice. 3 October 2016. en-US. 2020-02-28.
  9. https://literature.cytosorb.com/
  10. Web site: CTG Labs - NCBI .
  11. Web site: DARPA Dialysis-Like-Therapeutic Program Awards $3.8M to CytoSorbents. 7 August 2012. Global BioDefense. 9 April 2014.
  12. Web site: CTSO Awarded Ph II U.S. Army Grant. Zacks. 9 April 2014.
  13. Web site: CytoSorbents Corporation . Growjo . 19 November 2020.