Cerus Corporation (NASDAQ: CERS) announced today that Al Shalan, Cerus’ exclusive distributor for Saudi Arabia, has signed a three-year agreement with the King Faisal Specialist Hospital, a leading medical center in Saudi Arabia, to supply the INTERCEPT Blood System for platelets. This contract allows for the routine use of INTERCEPT to treat up to 100% of the hospital’s platelet production of approximately 5,600 units annually. “We believe that our superior technology and demonstrated ability to satisfy demanding national blood service customers were critical to the decision by the King Faisal Specialist Hospital,” said William ‘Obi’ Greenman, Cerus’ president and chief executive officer. “Given the institutions’s position as a thought leader in the Middle East, we believe that its choice of INTERCEPT will influence future blood safety technology decisions throughout the region.” King Faisal Specialist Hospital is one of the top three reference medical centers serving the Saudi capital of Riyadh. Saudi Arabia has an estimated national production of approximately 70,000 platelet units and 100,000 plasma units per year. ABOUT CERUS Cerus Corporation is a biomedical products company focused on commercializing the INTERCEPT Blood System to enhance blood safety. The INTERCEPT system is designed to reduce the risk of transfusion-transmitted diseases by inactivating a broad range of pathogens such as viruses, bacteria and parasites that may be present in donated blood. The nucleic acid targeting mechanism of action enables INTERCEPT treatment to inactivate established transfusion threats, such as hepatitis B and C, HIV, West Nile virus and bacteria, and is designed to inactivate emerging pathogens such as influenza, malaria and dengue. Cerus currently markets and sells the INTERCEPT Blood System for both platelets and plasma in 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. See http://www.cerus.com for more information. INTERCEPT and the INTERCEPT Blood System are trademarks of Cerus Corporation.
This press release contains forward-looking statements. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements relating to potential growth in the use of the INTERCEPT Blood System the potential influence of King Faisal Hospital over blood safety technology decisions in the Middle East. These forward-looking statements are based upon Cerus’ current expectations. Actual results could differ materially from these forward-looking statements as a result of certain factors, including, without limitation, risks associated with demand for the INTERCEPT Blood System, including the risk that Cerus may not be able to maintain its distribution agreement with Al Shalan, and that Al Shalan may not be able to maintain its supply agreement with King Faisal Specialist Hospital, risks associated with Cerus’ ability to achieve broader market acceptance of its INTERCEPT Blood System products, adverse decisions or actions by regulatory agencies including those of Saudi Arabia, and other risks detailed in the Cerus' filings with, the Securities and Exchange Commission (SEC), including in Cerus' annual report on Form 10-K for the year ended December 31, 2011, filed with the SEC on March 5, 2011. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Cerus does not undertake any obligation to update any forward-looking statements as a result of new information, future events, changed assumptions or otherwise.