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CellSource Faces Financial Setback Amid Service Challenges

CellSource Faces Financial Setback Amid Service Challenges

CellSource Co., Ltd. (JP:4880) has released an update.

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CellSource Co., Ltd. experienced a significant shortfall in its fiscal year results compared to earlier forecasts due to challenges in implementing synovium-derived stem cell services. The company reported a 69.3% drop in operating profit, leading to a downward revision in earnings expectations. Despite the setback, CellSource will continue its collaboration with medical institutions to develop these services.

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