Caladrius Biosciences, Inc. (Caladrius or the company) announced that it has entered into an agreement with SPS Cardio, LLC (SPS) to out-license the patent and commercialization rights to the company's CD34 ischemic repair technology (CD34 cell therapy or CLBS10) for the indications of acute myocardial infarction (AMI) and chronic heart failure (CHF) in select territories outside of the U.S. SPS is a venture capital firm that will fund this technology further development in these indications and designated countries. Under the agreement, SPS will receive an exclusive license to the CD34 cell therapy technology for use in AMI and CHF in India and in other territories outside the U.S., including selected countries in Asia-Pacific and Latin America. The license does not include the U.S., Europe, Japan, China or South Korea.

SPS will cover all costs associated with the further development of the technology in the assigned regions as well as the costs of related intellectual property maintenance and advancement. Caladrius retains the rights to unfettered, cost-free access to and use of any and all clinical and non-clinical data generated in India.