Grace Century Announces Partnership for Provia Laboratories' Store-a-Tooth™ Dental Stem Cell Banking Services to Enter Russian Market

Grace Century has successfully brokered the signing of a partnership agreement between its portfolio project Provia Labs and a Kazakhstan based consortium. The agreement will facilitate market entrance for Provia Labs into Russia and other CIS States.

​​​​Grace Century’s bio banking project, Provia Laboratories, LLC has signed a partnership agreement for the exclusive marketing of Store-a-Tooth™, their cryogenic storage service of dental stem cells, in Russia, Kazakhstan and Kyrgyzstan. A Kazakhstan based consortium will lead the entrance.

This will be Provia Laboratories fifth international based agreement. The other four are in Singapore, Central America, India, and the Commonwealth of the Bahamas.

The two parties are keen to develop the significant market potential in these territories, where interest in stem cell bio banking has always been amongst the highest the world.

"Provia's desire to look at markets with a global view further exhibits the ability of the company to scale successfully. Parent's desire to secure a healthy future for their child is universal and I believe with education, that desire will only increase demand for such services".

Scott Wolf, CEO and Director of Research, Grace Century

Grace Century’s CEO, Scott Wolf, comments "Provia’s desire to look at markets with a global view further exhibits the ability of the company to scale successfully. Parent’s desire to secure a healthy future for their child is universal and I believe with education, that desire will only increase demand for such services”.

Timothy Beals, who recently joined Provia’s International Business Development team, added “We are excited to have the opportunity to further extend our footprint internationally. With our newly added 10,000 square foot cGMP facility and our expected entrance into Europe in early 2016, this agreement will solidify Provia as a true global player.”

Provia recently reported another record monthly enrollment in August 2015 for Store-a-tooth™ and  gave guidance of a 30% projected increase in enrollments for the Q3 vs 2014’s third quarter.

ENDS

About Grace Century, FZ LLC 
Grace Century FZ LLC is an International research and private equity consultancy located in Ras Al Khaimah, (north of Dubai) in the United Arab Emirates (UAE). Grace Century specializes in “game-changing” life science and health related private equity projects.

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About Provia Laboratories, LLC

Headquartered in Littleton, MA, Provia Laboratories, LLC is a healthcare services company specializing in high-quality bio-banking (the collection, transport, processing and cryogenic storage of biological specimens). Provia Labs offers the Proviasette™ product range for use in bio-banking environments to improve sample logistics, security and quality.

The company manages and promotes its own bio-bank for a dental stem cell banking service, Store-A-Tooth™, which gives families the option to store stem cells to protect their children’s future health and take advantage of advances in stem cell therapies.

Provia advises industrial, academic and governmental clients on matters related to the preservation of biological specimens for research and clinical use.

Provia Labs is a member of ISBER, the International Society for Biological and Environmental Repositories, as well as ESBB, the European, Middle Eastern & African Society for Bio-preservation & Bio-banking.

For further information about Proviasette™, please call Provia Labs at +1 (781) 652-4815, email pminor@provialabs.com, or visit http://www.proviasette.com


Categories: Business Technology, Investments, Business

Tags: Grace Century, Partnership, Provia Laboratories, Russia, Scott Wolf


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