Las Vegas, NV -- (SBWIRE) -- 12/05/2013 -- Cytomedix, Inc. (OTCMKTS:CMXI) announced that it signed agreement to sell 10% subordinated convertible notes and warrants. The warrants will be sold to acquire common stock shares of company offering gross proceeds of $3 million.
CMXI says that it signed amendment to the Subscription Agreements. The amendments explain "Good News CMS Reimbursement Determination Event". It also announced that CMS elected that the reimbursement code will be paid at rate of $411 per treatment encounter.
Cytomedix, Inc. is an American medical company that is in the industry of developing biologically active regenerative therapies. These therapies benefit in repair of wounds and tissue injuries. Cytomedix operates in PRP systems used for chronic wound repair. Company products help natural healing of wounds and formation of new tissues.
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