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NASDAQ: CYTX
        Jefferies Global Healthcare Conference
                       June 5, 2012

i.     Technology & Investment Summary
ii.    Cardiovascular Disease Pipeline
iii.   Breast Reconstruction & Commercial Business
iv.    Business & Economics

                                                     1
Safe Harbor Statement

This presentation may contain certain ‘forward-looking statements’. All
statements, other than statements of historical fact, that address activities, events
or developments that we intend, expect, project, believe or anticipate will or
may occur in the future are forward-looking statements. Such statements are
based upon certain assumptions and assessments made by our management in
light of their experience and their perception of historical trends, current
conditions, expected future developments and other factors they believe to be
appropriate.

The forward-looking statements included in this presentation are also subject to a
number of material risks and uncertainties. We caution investors not to place
undue reliance on the forward-looking statements contained in this presentation.

We would advise reading our annual report filed with the United States Securities
and Exchange Commission on Form 10-K for a more detailed description of these
risks.


                                  2
i.     Technology & Investment Summary
ii.    Cardiovascular Disease Pipeline
iii.   Breast Reconstruction & Commercial Business
iv.    Business & Economics




                                                     3
Cytori Investment Summary

Overview
 Cell therapies sourced from point-of-care device
 Cardiovascular disease & soft tissue defects (i.e. breast recon)
 Device approved in Europe; starting U.S. clinical trials

Valuable Pipeline
 Seeking chronic ischemia approval in Europe
 Approved to begin chronic ischemia trial in U.S
 EU heart attack pivotal trial

Commercial Business Bridge to Higher Value Markets
   Build for profitable growth
   Seeking breast reconstruction reimbursement; path to profitability
   Enter/grow in emerging markets
   Razor-razorblade model: low COGS, high margins

Patent protection into 2030s and beyond

                                        4
Cell Therapy: Fourth Tenet of Medicine




                   5
Cell Therapy Platform: Innovative & Affordable




                                                       Cardiovascular
                                                          Disease
  Fat (adipose) tissue    Celution® System:         Adipose-derived
from minor liposuction   point-of-care device   regenerative cells (ADRCs)


                            6
Cell Therapy Platform: Richest Cell Source

    Number of Cells (millions) per 100 mL of tissue (1/2 cup)

   45                                                       0.5



   30
                                                           0.25

   15



   0                                                         0
                                                                   Multipotent Cells in Adipose
    Total Nucleated Cells in Adipose
                                                                   Multipotent Cells in BM

    Implication: Real-time access to a patient’s own regenerative cells is possible
                  (No lengthy cell culture or manufacturing involved)

                                       7
Cell Therapy Platform: Multiple Therapies
Cardiovascular Disease                      Breast Reconstruction
 Completed two human trials                 Approved in Europe
 Sustained functional benefit               Clinically validated for
  at 18 months                                high physician and
 Pivotal heart attack trial in               patient satisfaction
  Europe underway                            Seeking reimbursement
 US chronic heart disease trial
  approved to begin




                                      Discovery of New Applications
Soft Tissue Repair & Wounds            Demand by researchers for
 Approved in Europe for certain        access to cells
  chronic wounds                       Preclinical & clinical studies
 Independent studies investigating     exploring new indications:
  several soft tissue applications          Acute renal failure
  such as burns, radiation injury,          Liver disease
  diabetic foot ulcers and others           Stress urinary incontinence
                                            Ischemic stroke
i.     Technology & Investment Summary
ii.    Cardiovascular Disease Pipeline
iii.   Breast Reconstruction & Commercial Business
iv.    Business & Economics




                                                     9
Cardiovascular Disease: Overview


I. Seeking European approval in 2012 in no-option chronic
   myocardial ischemia patients



II. Initiating U.S. chronic myocardial ischemia trial 1H 2012;
    The ATHENA Trial



III. Enrolling pivotal (approval) heart attack trial in Europe:
     The ADVANCE Trial


                          10
Chronic Myocardial Ischemia (CMI)

Condition: Severe form of coronary artery disease, limits
mobility, results in chest pains from ischemic tissue

Disease Course: Multiple revascularization procedures
without improvement resulting in limited therapeutic options

Size of Market: Approx.120K to 250K diagnosed each year in
U.S.; subset of approx. 5.8 MM heart failure patients

ADRCs & Cell Therapy: Potential to revive living but stressed
heart tissue; keep patient off transplant list; overcome limits
of existing drugs, devices and surgical options
                          11
ADRCs for CMI: Targeted Delivery to Muscle

                                Direct injection into
                            “hibernating” heart muscle
                                    via catheter
ADRCs for CMI: Clinical Trial Outcomes

  20.0          Change in Max Volume of Oxygen (MV02) from Baseline to 6 & 18 months

         19.0
                              P<0.05               P<0.05
Soft Tissue Repair
Soft Tissue Repair
  18.0
 Soft Tissue Repair
                                17.2               17.1


  16.0   16.6



                              15.5                    15.3
  14.0                                                   Transplant List



         Baseline
               13             6 Mos                   18 Mos


     ADRC’s               N = 27 pts
     Standard of Care     (6 placebo/21 treated)
ADRCs for CMI: Clinical Trial Outcomes


MVO2: significant change at 18 months
• MVO2 correlates to improved survival                       28 Month Mortality Rate
• MVO2 ≤ 14 = 47% 1 yr survival rate

METS: significant change at 18 months
                                              Treated           5%
Cytori procedure safe and feasible
 through 18-months
                                              Placebo                                  33%
Lower cardiac mortality rate:
• At avg. follow-up of 28 months:
 - 2/6 placebo                                          0%       10%    20%    30%      40%
 - 1/21 treated




                                         14
Acute Myocardial Infarction (AMI/Heart Attack)

Condition: Artery blockage inhibits blood flow to heart
muscle resulting in stunned ischemic tissue

Disease Course: Large attacks lead to heart failure if
ischemic tissue is not revascularized;

Size of Market: Approx.1 million heart attack patients
admitted to hospital each year

ADRCs & Cell Therapy: Potential to minimize heart damage;
additive to existing treatments; potential to reduce
healthcare costs & rehospitalizations linked to heart failure
                         15
ADRCs for AMI: Clinical Trial Outcomes

Potential new approach for treatment of heart attacks
   Safe & efficacious
   Higher serious adverse event rate in Controls
                                                        P < 0.05 for change
                                                        from BL for ADRCs


                                                        P > 0.05 for change
                                                        from BL for Placebo




                                   16
ADRCs for AMI: Clinical Trial Outcomes

                        Lower abnormal ventricular beat rate
                           More significant Ventricular Arrhythmias in
                            placebo

                           Higher frequency of recordings with
                            Ventricular Premature Beats (VPB) in Controls

                           Higher #of VPBs per recording in placebo




                  17
Cytori Cardiac Cell Therapy: Next Steps

Approval decision for European CMI
•Limited launch
•Patient registry
•Build market access; top hospitals in Europe

Initiate ATHENA U.S. pilot trial for CMI
•Multi-center, double-blind, 45 patients
•FDA approved design in Jan 2012

Accelerate enrollment in ADVANCE heart attack pivotal trial
•30-35 sites to treat up to 360 patients
•20+ sites selected and committed
•2012 focus on getting sites online


                           18
i.     Technology & Investment Summary
ii.    Cardiovascular Disease Pipeline
iii.   Breast Reconstruction & Commercial Business
iv.    Business & Economics




                                                     19
Soft Tissue Repair: RESTORE Procedure

 Celution® approved in EU for breast reconstruction   $73
 Two completed clinical trials                        $126   $163
 Safe: Five-plus years follow-up                             Clinic
Soft Tissue Repair                                               al
 Soft Tissuereimbursement environment
 Favorable Repair                                            Partn
                                                                er
 Limited options available to patients today

                      ‘ADRC-Enriched
  $43                     Graft’




   Cells        Fat
Soft Tissue Repair: RESTORE Procedure




Pre-Reconstruction; Post radiation   9-Mo Post-Reconstruction using
   treatment & tumor resection            RESTORE Procedure
Soft Tissue Repair: Trial Outcomes

                                          Takeaways:
                                                                  $73
 90%                                      • High satisfaction & safety to support
 80%                                                              $126
                                            reimbursement
 70%
 Soft Tissue Repair
   Soft Tissue Repair
 60% Tissue Repair                        • Improved breast contour at both six
    Soft                                    and 12 months (blinded MRI)
 50%
 40%                                      • No local cancer recurrences or serious
 30%                                        adverse events
  20%
  10%                                     • Satisfactory results can be achieved in
                                            one procedure for majority of patients
   0%
              Patient                     • Competitive approaches more costly:
    6-Mo
            Satisfaction    Physician       lengthy hospital stays, repeat
                           Satisfaction     procedures & increase overall burden
    12-Mo
                                            on healthcare system


Post-Marketing Study Design
• Prospective 71 patient study
i.     Technology & Investment Summary
ii.    Cardiovascular Disease Pipeline
iii.   Breast Reconstruction & Commercial Business
iv.    Business & Economics




                                                     23
Product Pricing




                              $2,000-$12,000 for per-
                              procedures cartridge

Low six figure ASP for        ASP dependent on
sale & installation           indications and formulation

                              60-80% Margin


                         24
Protected into 2030s: 46 Patents WW; 75+ Pending
       Devices (Current)                   Devices             Soft Tissue         Cardiovascular Therapies              Pipeline
                                            Next                Recon &                                                 Therapies
                                          Generation           Aesthetics)
US: (5)                                 US: (1)              US: (4)               EUROPE: (2)                         US: (2)
CELUTION DEVICE (‘484)                  CELUTION FUTURE      CELUTION FOR          ADRCS FOR CARDIAC (‘382)            CELUTION FOR
CELUTION DEVICE PLUS ADDITIVES (‘420)   GENERATIONS (‘075)   MIXING ADRCS PLUS     OPPOSED                             BONE (‘043)
STEMSOURCE DEVICE (‘115)                INDIA: (1)           FAT (‘488)            DEVICE FOR RESTORING BLOOD FLOW     CELUTION OUTPUT
CELUTION DEVICE PLUS SENSORS FOR        CELUTION FUTURE      CELUTION OR NEXT      (‘575)                              PLUS PROSTHETIC
CLINICALLY SAFE OUTPUT (‘670)           GENERATIONS (‘529)   GEN DEVICES FOR       AUSTRALIA: (1)                      FOR BONE
BEDSIDE COMPREHENSIVE                   AUSTRALIA: (1)       SOFT TISSUE DEFECTS   ADRCS FOR CARDIAC (‘858)            RELATED
DEVICE (‘059)                           CELUTION WITH        (‘684)                SINGAPORE: (1)                      DISORDERS (‘716)
JAPAN: (2)                              CENTRIFUGE OR        ADRCS PLUS FAT        ADRCS FOR RESTORING BLOOD           EUROPE: (2)
CELUTION DEVICE (‘952)                  FILTER (‘937)        PLUS ADDITIVES        FLOW(‘590)                          CELUTION FOR
CELUTION FOR CLINICALLY SAFE OUTPUT     SINGAPORE: (1)       (‘795)                CHINA: (1)                          ACUTE
(‘556)                                  CELUTION & FUTURE    ADRCS PLUS FAT        ADRCS FOR RESTORING BLOOD FLOW      TUBULAR
KOREA: (3)                              GENERATIONS          (‘672)                (‘104)                              NECROSIS   (‘834)
CELUTION DEVICE (‘995)                  (‘683)               JAPAN: (1)            RUSSIA: (1)                         ADRCS FOR
STEMSOURCE DEVICE (‘812)                ISRAEL: (1)          CELUTION AND NEXT     CELUTION FOR RESTORING BLOOD FLOW   WOUND
CELUTION DEVICE (‘139)                  CELUTION WITH        GEN DEVICES FOR       (‘924)                              HEALING (‘833)
INDIA: (1)                              CENTRIFUGE OR        MIXING ADRCS PLUS     SOUTH AFRICA: (1)                   JAPAN: (1)
CELUTION DEVICE (‘706)                  FILTER (‘800)        FAT (‘041)            ADRCS FOR CARDIAC (‘446)            ADRCS FOR
AUSTRALIA: (1)                          MEXICO: (1)          KOREA: (1)            MEXICO: (1)                         WOUND HEALING
CELUTION DEVICE (‘135)                  CELUTION FUTURE      ADRCS PLUS FAT        CELUTION FOR RESTORING BLOOD FLOW   (‘699)
STEMSOURCE DEVICE (‘901)                GENERATIONS          (‘041)                (‘775)                              INDIA: (1)
CHINA: (1)                                                                         ISREAL: (1)                         ADRCS FOR
CELUTION DEVICE (‘689)                                                             ADRCS FOR CARDIAC (‘354)            WOUND HEALING
                                                                                                                       (‘580)
Financial Highlights

 Cash and cash equivalents (3/31/12)       $34.4
 Accounts receivable                         1.4
 Long-term debt (GE Capital)                24.6

 2011 Product sales                         $8.0
 2011 Cost of sales                          3.8
 2011 Gross profit                           4.1
 2011 Net cash used in op. activities       35.3

 2012 Revenue guidance                     >$9.0
 2012 Research & Development            Increase
 2012 Sales & Marketing                  Reduce
 2012 G&A                                Reduce
 2012 Projected Quarterly Burn           <$7 MM

 Total shares outstanding (4/30/12)     58.7 MM


                                26
Creating Shareholder Value in 2012

1.    Move product development pipeline forward
      • ATHENA in U.S. for CMI & ADVANCE in Europe for AMI
      • European approval decision for no-option CMI in Europe

2.    Get commercial business profitable in 12-18 months
      • 20+% annual revenue growth until inflection point
      • Focus on breast reconstruction reimbursement in UK
      • Build market access for no-option CMI in Europe
      • Expand regulatory approvals and indications

3.    Execute on Corporate Milestones
      • Development and commercialization partnerships (i.e. Astellas)
      • Reduce total operating expenses & burn through G&A and S&M
        reductions offset with increase in R&D
Potential Near-Term Catalysts

 Receive approval (IDE clearance) to begin ATHENA CMI trial


Celution® approval in additional countries (Russia May ’12, more to come)


Initiate ATHENA trial in U.S.


CE Mark for chronic myocardial ischemia


Breast reconstruction technology evaluation in UK


Strategic Partner(s)

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Jefferies 2012 Global Healthcare Conference

  • 1. NASDAQ: CYTX Jefferies Global Healthcare Conference June 5, 2012 i. Technology & Investment Summary ii. Cardiovascular Disease Pipeline iii. Breast Reconstruction & Commercial Business iv. Business & Economics 1
  • 2. Safe Harbor Statement This presentation may contain certain ‘forward-looking statements’. All statements, other than statements of historical fact, that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this presentation are also subject to a number of material risks and uncertainties. We caution investors not to place undue reliance on the forward-looking statements contained in this presentation. We would advise reading our annual report filed with the United States Securities and Exchange Commission on Form 10-K for a more detailed description of these risks. 2
  • 3. i. Technology & Investment Summary ii. Cardiovascular Disease Pipeline iii. Breast Reconstruction & Commercial Business iv. Business & Economics 3
  • 4. Cytori Investment Summary Overview  Cell therapies sourced from point-of-care device  Cardiovascular disease & soft tissue defects (i.e. breast recon)  Device approved in Europe; starting U.S. clinical trials Valuable Pipeline  Seeking chronic ischemia approval in Europe  Approved to begin chronic ischemia trial in U.S  EU heart attack pivotal trial Commercial Business Bridge to Higher Value Markets  Build for profitable growth  Seeking breast reconstruction reimbursement; path to profitability  Enter/grow in emerging markets  Razor-razorblade model: low COGS, high margins Patent protection into 2030s and beyond 4
  • 5. Cell Therapy: Fourth Tenet of Medicine 5
  • 6. Cell Therapy Platform: Innovative & Affordable Cardiovascular Disease Fat (adipose) tissue Celution® System: Adipose-derived from minor liposuction point-of-care device regenerative cells (ADRCs) 6
  • 7. Cell Therapy Platform: Richest Cell Source Number of Cells (millions) per 100 mL of tissue (1/2 cup) 45 0.5 30 0.25 15 0 0 Multipotent Cells in Adipose Total Nucleated Cells in Adipose Multipotent Cells in BM Implication: Real-time access to a patient’s own regenerative cells is possible (No lengthy cell culture or manufacturing involved) 7
  • 8. Cell Therapy Platform: Multiple Therapies Cardiovascular Disease Breast Reconstruction  Completed two human trials  Approved in Europe  Sustained functional benefit  Clinically validated for at 18 months high physician and  Pivotal heart attack trial in patient satisfaction Europe underway  Seeking reimbursement  US chronic heart disease trial approved to begin Discovery of New Applications Soft Tissue Repair & Wounds  Demand by researchers for  Approved in Europe for certain access to cells chronic wounds  Preclinical & clinical studies  Independent studies investigating exploring new indications: several soft tissue applications  Acute renal failure such as burns, radiation injury,  Liver disease diabetic foot ulcers and others  Stress urinary incontinence  Ischemic stroke
  • 9. i. Technology & Investment Summary ii. Cardiovascular Disease Pipeline iii. Breast Reconstruction & Commercial Business iv. Business & Economics 9
  • 10. Cardiovascular Disease: Overview I. Seeking European approval in 2012 in no-option chronic myocardial ischemia patients II. Initiating U.S. chronic myocardial ischemia trial 1H 2012; The ATHENA Trial III. Enrolling pivotal (approval) heart attack trial in Europe: The ADVANCE Trial 10
  • 11. Chronic Myocardial Ischemia (CMI) Condition: Severe form of coronary artery disease, limits mobility, results in chest pains from ischemic tissue Disease Course: Multiple revascularization procedures without improvement resulting in limited therapeutic options Size of Market: Approx.120K to 250K diagnosed each year in U.S.; subset of approx. 5.8 MM heart failure patients ADRCs & Cell Therapy: Potential to revive living but stressed heart tissue; keep patient off transplant list; overcome limits of existing drugs, devices and surgical options 11
  • 12. ADRCs for CMI: Targeted Delivery to Muscle Direct injection into “hibernating” heart muscle via catheter
  • 13. ADRCs for CMI: Clinical Trial Outcomes 20.0 Change in Max Volume of Oxygen (MV02) from Baseline to 6 & 18 months 19.0 P<0.05 P<0.05 Soft Tissue Repair Soft Tissue Repair 18.0 Soft Tissue Repair 17.2 17.1 16.0 16.6 15.5 15.3 14.0 Transplant List Baseline 13 6 Mos 18 Mos ADRC’s N = 27 pts Standard of Care (6 placebo/21 treated)
  • 14. ADRCs for CMI: Clinical Trial Outcomes MVO2: significant change at 18 months • MVO2 correlates to improved survival 28 Month Mortality Rate • MVO2 ≤ 14 = 47% 1 yr survival rate METS: significant change at 18 months Treated 5% Cytori procedure safe and feasible through 18-months Placebo 33% Lower cardiac mortality rate: • At avg. follow-up of 28 months: - 2/6 placebo 0% 10% 20% 30% 40% - 1/21 treated 14
  • 15. Acute Myocardial Infarction (AMI/Heart Attack) Condition: Artery blockage inhibits blood flow to heart muscle resulting in stunned ischemic tissue Disease Course: Large attacks lead to heart failure if ischemic tissue is not revascularized; Size of Market: Approx.1 million heart attack patients admitted to hospital each year ADRCs & Cell Therapy: Potential to minimize heart damage; additive to existing treatments; potential to reduce healthcare costs & rehospitalizations linked to heart failure 15
  • 16. ADRCs for AMI: Clinical Trial Outcomes Potential new approach for treatment of heart attacks  Safe & efficacious  Higher serious adverse event rate in Controls P < 0.05 for change from BL for ADRCs P > 0.05 for change from BL for Placebo 16
  • 17. ADRCs for AMI: Clinical Trial Outcomes Lower abnormal ventricular beat rate  More significant Ventricular Arrhythmias in placebo  Higher frequency of recordings with Ventricular Premature Beats (VPB) in Controls  Higher #of VPBs per recording in placebo 17
  • 18. Cytori Cardiac Cell Therapy: Next Steps Approval decision for European CMI •Limited launch •Patient registry •Build market access; top hospitals in Europe Initiate ATHENA U.S. pilot trial for CMI •Multi-center, double-blind, 45 patients •FDA approved design in Jan 2012 Accelerate enrollment in ADVANCE heart attack pivotal trial •30-35 sites to treat up to 360 patients •20+ sites selected and committed •2012 focus on getting sites online 18
  • 19. i. Technology & Investment Summary ii. Cardiovascular Disease Pipeline iii. Breast Reconstruction & Commercial Business iv. Business & Economics 19
  • 20. Soft Tissue Repair: RESTORE Procedure Celution® approved in EU for breast reconstruction $73 Two completed clinical trials $126 $163 Safe: Five-plus years follow-up Clinic Soft Tissue Repair al Soft Tissuereimbursement environment Favorable Repair Partn er Limited options available to patients today ‘ADRC-Enriched $43 Graft’ Cells Fat
  • 21. Soft Tissue Repair: RESTORE Procedure Pre-Reconstruction; Post radiation 9-Mo Post-Reconstruction using treatment & tumor resection RESTORE Procedure
  • 22. Soft Tissue Repair: Trial Outcomes Takeaways: $73 90% • High satisfaction & safety to support 80% $126 reimbursement 70% Soft Tissue Repair Soft Tissue Repair 60% Tissue Repair • Improved breast contour at both six Soft and 12 months (blinded MRI) 50% 40% • No local cancer recurrences or serious 30% adverse events 20% 10% • Satisfactory results can be achieved in one procedure for majority of patients 0% Patient • Competitive approaches more costly: 6-Mo Satisfaction Physician lengthy hospital stays, repeat Satisfaction procedures & increase overall burden 12-Mo on healthcare system Post-Marketing Study Design • Prospective 71 patient study
  • 23. i. Technology & Investment Summary ii. Cardiovascular Disease Pipeline iii. Breast Reconstruction & Commercial Business iv. Business & Economics 23
  • 24. Product Pricing $2,000-$12,000 for per- procedures cartridge Low six figure ASP for ASP dependent on sale & installation indications and formulation 60-80% Margin 24
  • 25. Protected into 2030s: 46 Patents WW; 75+ Pending Devices (Current) Devices Soft Tissue Cardiovascular Therapies Pipeline Next Recon & Therapies Generation Aesthetics) US: (5) US: (1) US: (4) EUROPE: (2) US: (2) CELUTION DEVICE (‘484) CELUTION FUTURE CELUTION FOR ADRCS FOR CARDIAC (‘382) CELUTION FOR CELUTION DEVICE PLUS ADDITIVES (‘420) GENERATIONS (‘075) MIXING ADRCS PLUS OPPOSED BONE (‘043) STEMSOURCE DEVICE (‘115) INDIA: (1) FAT (‘488) DEVICE FOR RESTORING BLOOD FLOW CELUTION OUTPUT CELUTION DEVICE PLUS SENSORS FOR CELUTION FUTURE CELUTION OR NEXT (‘575) PLUS PROSTHETIC CLINICALLY SAFE OUTPUT (‘670) GENERATIONS (‘529) GEN DEVICES FOR AUSTRALIA: (1) FOR BONE BEDSIDE COMPREHENSIVE AUSTRALIA: (1) SOFT TISSUE DEFECTS ADRCS FOR CARDIAC (‘858) RELATED DEVICE (‘059) CELUTION WITH (‘684) SINGAPORE: (1) DISORDERS (‘716) JAPAN: (2) CENTRIFUGE OR ADRCS PLUS FAT ADRCS FOR RESTORING BLOOD EUROPE: (2) CELUTION DEVICE (‘952) FILTER (‘937) PLUS ADDITIVES FLOW(‘590) CELUTION FOR CELUTION FOR CLINICALLY SAFE OUTPUT SINGAPORE: (1) (‘795) CHINA: (1) ACUTE (‘556) CELUTION & FUTURE ADRCS PLUS FAT ADRCS FOR RESTORING BLOOD FLOW TUBULAR KOREA: (3) GENERATIONS (‘672) (‘104) NECROSIS (‘834) CELUTION DEVICE (‘995) (‘683) JAPAN: (1) RUSSIA: (1) ADRCS FOR STEMSOURCE DEVICE (‘812) ISRAEL: (1) CELUTION AND NEXT CELUTION FOR RESTORING BLOOD FLOW WOUND CELUTION DEVICE (‘139) CELUTION WITH GEN DEVICES FOR (‘924) HEALING (‘833) INDIA: (1) CENTRIFUGE OR MIXING ADRCS PLUS SOUTH AFRICA: (1) JAPAN: (1) CELUTION DEVICE (‘706) FILTER (‘800) FAT (‘041) ADRCS FOR CARDIAC (‘446) ADRCS FOR AUSTRALIA: (1) MEXICO: (1) KOREA: (1) MEXICO: (1) WOUND HEALING CELUTION DEVICE (‘135) CELUTION FUTURE ADRCS PLUS FAT CELUTION FOR RESTORING BLOOD FLOW (‘699) STEMSOURCE DEVICE (‘901) GENERATIONS (‘041) (‘775) INDIA: (1) CHINA: (1) ISREAL: (1) ADRCS FOR CELUTION DEVICE (‘689) ADRCS FOR CARDIAC (‘354) WOUND HEALING (‘580)
  • 26. Financial Highlights Cash and cash equivalents (3/31/12) $34.4 Accounts receivable 1.4 Long-term debt (GE Capital) 24.6 2011 Product sales $8.0 2011 Cost of sales 3.8 2011 Gross profit 4.1 2011 Net cash used in op. activities 35.3 2012 Revenue guidance >$9.0 2012 Research & Development Increase 2012 Sales & Marketing Reduce 2012 G&A Reduce 2012 Projected Quarterly Burn <$7 MM Total shares outstanding (4/30/12) 58.7 MM 26
  • 27. Creating Shareholder Value in 2012 1. Move product development pipeline forward • ATHENA in U.S. for CMI & ADVANCE in Europe for AMI • European approval decision for no-option CMI in Europe 2. Get commercial business profitable in 12-18 months • 20+% annual revenue growth until inflection point • Focus on breast reconstruction reimbursement in UK • Build market access for no-option CMI in Europe • Expand regulatory approvals and indications 3. Execute on Corporate Milestones • Development and commercialization partnerships (i.e. Astellas) • Reduce total operating expenses & burn through G&A and S&M reductions offset with increase in R&D
  • 28. Potential Near-Term Catalysts  Receive approval (IDE clearance) to begin ATHENA CMI trial Celution® approval in additional countries (Russia May ’12, more to come) Initiate ATHENA trial in U.S. CE Mark for chronic myocardial ischemia Breast reconstruction technology evaluation in UK Strategic Partner(s)