Business
Launch of CellPlan set to generate maiden revenues
Launch of CellPlan set to generate maiden revenues.
About this update from Iconic Labs Plc
[{"type":"text","content":"\n \nRNS Number : 1867H WideCells Group PLC 06 June 2017 \n\n6 June 2017\nWideCells Group PLC ('WideCells Group' or 'the Company')\nLaunch of CellPlan set to generate maiden revenues\n \nWideCells Group PLC, the healthcare services company focused on providing stem cell services and ground breaking insurance for stem cell treatment, is pleased to provide an update on CellPlan, its revolutionary stem cell healthcare product, which is focused on making expensive stem cell treatment accessible and affordable to families around the world.\n \nHighlights\n \n· Receipt of a licence from the Portuguese financial regulator and grant of passport rights - fully authorised to sell CellPlan in the UK, Portugal and Spain\n \n· Launch of CellPlan to Biovault stem cell storage customers anticipated to follow this month\n \n· New route to market established, anticipated to facilitate rapid penetration of the market, initially in the UK:\n \no CellPlan will sell directly to families which store stem cells in cord blood banks currently not members of the CellPlan Excel Member Programme for accredited resellers ('Extended Provider Network') but which meet standards adhered to by the programme\n \no Expanding the healthcare cover eligibility to those who stored stem cells privately outside of the CellPlan Excel Member Programme will make CellPlan cover accessible to many more families, potentially increasing market penetration\n \no New website, www.cellplan.com, which includes high quality e-commerce functionality, will be launched shortly to facilitate direct sales\n \no Follows successful commencement of reseller model ('Excel Member Programme') - CellPlan Excel Membership awarded to Biovault\n \n· Positive progression being made with numerous cord blood banks globally which have applied to join the Excel Membership Programme to allow them to roll out CellPlan to their clients\n \n· Strengthened team via two additional appointments\n \nWideCells Group CEO, João Andrade, said, \"CellPlan is gaining traction, which is testament to its potential to revolutionise the stem cell industry. With this licence in hand, we are poised to launch our pr...