International Stem Cell Corp., a California-based biotech company focused on the therapeutic applications of human parthenogenetic stem cells (hpSCs) and the development and commercialization of cell-based research and cosmetic products, just announced that its subsidiary, Lifeline Cell Technology (LCT), will start selling its products through Fisher Scientific’s online catalog as an Encompass Preferred Supplier.
Large pharmaceutical companies typically buy research supplies and products through preferred supplier agreements. Fisher Scientific, a division of Thermo Fisher Scientific, Inc. (NYSE: TMO), is the world’s largest such supplier to the life science industry with over 350,000 customers and $12 billion in annual sales. Third party e-catalog sales have grown from $26 million in 2006 to $424 million in 2011. As an encompass preferred supplier, International Stem Cell Corporation’s subsidiary gains a promising new sales channel for its cell and media products.
“This is a tremendous opportunity and a testament to the high quality of Life Cell Technology’s products,” emphasized Dr. Simon Craw, ISCO’s Executive Vice President of Business Development. “By working with Fisher Scientific, LCT will be able to reach many more customers that we would otherwise not be able to reach. One of the biggest challenges we faced was the ability to sell into pharmaceutical companies that have preferred supplier agreements. Our inclusion in the Fisher e-catalogs and Encompass Preferred Suppliers list, not only validates LCT’s focus on delivering high quality products but also means these products can now be purchased much more easily by scientists working at the some of the world’s largest life science companies.”
For more information on Thermo Fisher Scientific, visit www.thermofisher.com
For additional information on International Stem Cell Corp., visit www.InternationalStemCell.com
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