VITA 34 Signs Cooperation Agreement with BKK Gruner + Jahr
VITA 34 International AG / Alliance Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Leipzig, February 06, 2008 – VITA 34 International AG (ISIN DE000A0BL849), parent company of VITA 34, the leading umbilical cord blood bank in the German-speaking part of Europe, has signed a cooperation agreement with BKK Gruner + Jahr. BKK Gruner + Jahr is the fourth non-private health insurance company to support VITA 34’s services. As a result of the cooperation agreement, BKK Gruner + Jahr members benefit from reduced fees for the storage of umbilical cord blood at the VITA 34 blood bank: at 1,790 Euros, the fee is 200 Euros lower than the standard price. VITA 34 is convinced that this provides the more than 100,000 BKK Gruner + Jahr members with an additional, attractive incentive to create a health provision for their newborn children by storing stem cell preparations generated from umbilical cord blood. VITA 34 considers the cooperation with yet another non-private insurance company to be a clear sign that stem cell preparations are becoming widely recognized as valuable health assets. The same goes for private health insurance providers like Debeka, with whom VITA 34 continues a successful cooperation. Collaborations with multipliers and disseminators as well as cooperative partnerships are a declared part of VITA 34’s market expansion strategy for umbilical blood storage in Germany. Umbilical cord blood can only be collected at birth. It contains a high proportion of very young and therefore particularly developable stem cells, and is capable of reproducing the hematopoietic and immune systems. Stem cell therapies are currently used in the treatment of certain cancers, following chemotherapy, or for patients with hematopoietic dysfunction. Regenerative medicine, too, can gain high benefits from umbilical cord blood, as the stem cells contained in this blood can be used to generate arterial, nerve, and muscle cells. In addition, physicians are basing the development of new efficient therapies for autoimmune diseases such as juvenile diabetes mellitus on stem cells from umbilical cord blood. Media / Investor Relation: Axel Mühlhaus/ Dr. Sönke Knop edicto GmbH Zeißelstraße 19 D-60318 Frankfurt GERMANY Tel.:+49 69 90550550 Fax:+49 69 90550577 E-mail: vita34@edicto.de 06.02.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: VITA 34 International AG Deutscher Platz 5a 04103 Leipzig Deutschland Phone: +49(0341)48792-40 Fax: +49(0341)48792-39 E-mail: info@vita34.de Internet: www.vita34.de ISIN: DE000A0BL849 WKN: A0BL84 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------