Cryo-Cell opens in Costa Rica

OLDSMAR — Cryo-Cell International Inc. (symbol: CCEL) signed an exclusive licensing agreement with Stem Cells Costa Rica, a privately held firm based in the country's capital city of San Jose.

Stem Cells Costa Rica will pay Cryo-Cell an upfront fee to obtain the license, in addition to future annual fees for processing and storage, according to a statement.

The addition of Stem Cells Costa Rica will further expand Cryo-Cell's already substantial international presence. Cryo-Cell currently has affiliate partners in more than a dozen countries, including Guatemala, Honduras, Mexico, Chile and Pakistan.