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"As the world endures the impact from the current COVID-19 pandemic, our focused mission of ensuring the availability and safety of the world's blood supply has never been more relevant. The impact that this pandemic has had on the security of the supply chains for our blood center and hospital customers is unprecedented," said William 'Obi' Greenman, Cerus' president and chief executive officer. "During this challenging time for our customers, Cerus is focused on helping them maintain the safety and availability of the blood supply, while also providing the assistance they need with regard to standing up programs to produce COVID-19 convalescent plasma in sufficient quantities given the many hospital inquiries globally. We are highly focused on ensuring patients have access to our products and on protecting the health and safety of our employees and the communities in which we operate. Our financial strength prepares us to navigate this pandemic while continuing to execute on the business objectives to support our long-term growth."
Our commitment to blood providers, hospitals and, ultimately, patients:
Our commitment to our employees and their families:
Our commitment to our R&D programs and impact to clinical trials and studies:
Our commitment to standing up coronavirus convalescent plasma studies globally :
Cerus Corporation is dedicated solely to safeguarding the world's blood supply and aims to become the preeminent global blood products company. Based in Concord, California, our employees are dedicated to deploying and supplying vital technologies and pathogen-protected blood components for blood centers, hospitals and ultimately patients who rely on safe blood. With the INTERCEPT Blood System, we are focused on protecting patients by delivering the full complement of reliable products and expertise for transfusion medicine. Cerus develops and markets the INTERCEPT Blood System and remains the only company in the blood transfusion space to earn both CE Mark and FDA approval for pathogen reduction of both platelet and plasma components. Cerus currently markets and sells the INTERCEPT Blood System in the United States, Europe, the Commonwealth of Independent States, the Middle East and selected countries in other regions around the world. The INTERCEPT Red Blood Cell system is in clinical development. For more information about Cerus, visit www.cerus.com.
Forward Looking Statements
Except for the historical statements contained herein, this press release contains forward-looking statements relating to: the Company's financial strength to continue its business objectives to support long-term growth; the sufficiency of the Company's business continuity measures to maintain supply of products and ensure production remains unaffected; the therapeutic benefits of pathogen-reduced cryoprecipitate; submission of the Company's PMA supplement for pathogen-reduced cryoprecipitate; expected timing and delays in enrollment for the Company's RBC clinical trials; expected timing for initiation of the Company's sickle cell study in the U.K.; the timing for CE mark submission for the RBC System under the Medical Device Regulation; expected FDA approval of the plasma disposable kits using DEHP-free plastics; the timing and results of the inactivation studies of SARS-CoV-2; and the optimization of CCP treatment and availability of lyophilized CCP. Actual results could differ materially from these forward-looking statements as a result of certain factors, including, without limitation risks related to the uncertainty of Cerus' future capital requirements and its future revenues and other financial performance and results; Cerus' ability to maintain an effective, secure manufacturing supply chain; the uncertain and time-consuming regulatory process, including the risks (a) that Cerus may be unable to submit its planned PMA supplement to the FDA for pathogen-reduced cryoprecipitate in a timely manner or at all, and even if submitted, such planned PMA supplement may not be accepted or approved in a timely manner or at all and (b) that Cerus may be unable to submit its planned CE Mark application for the RBC System under the Medical Device Regulation in a timely manner or at all, and even if submitted, such planned CE Mark application may not be accepted or approved in a timely manner or at all; the uncertain and time-consuming development process, including the risks that the INTERCEPT Blood System may not inactivate SARS-CoV-2; that anticipated clinical trials of the INTERCEPT Blood System may not be initiated on the anticipated timing or at all, or if initiated, may be extended, delayed, suspended or terminated, including as result of safety concerns; as well as other risks detailed in Cerus' filings with the Securities and Exchange Commission, including Cerus' Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 21, 2020. To the extent the COVID-19 pandemic adversely affects our business and financial results, it may also have the effect of heightening many of the other risks and uncertainties described above. Cerus disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
INTERCEPT and the INTERCEPT Blood System are trademarks of Cerus Corporation.
Tim Lee - Investor Relations Director
Source: Cerus Corporation
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