8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 12, 2008

ThermoGenesis Corp.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	333-82900	94-3018487
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
2711 Citrus Rd., Rancho Cordova, California		95742
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 916-858-5100

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 11, 2008, the Board of Directors of ThermoGenesis Corp. (the "Company") increased the number of board members to six (6), and elected Dr. Mahendra S. Rao as a new member of the Board of Directors of the Company. Dr. Rao is expected to be appointed to one or more committees of the Board at future meetings, but currently serves on no committee.

Mahendra S. Rao is Vice President, Stem Cells and Regenerative Medicine for Invitrogen Corporation. From 2001 to 2005 he was Stem Cell Section Chief and Senior Investigator at the National Institute of Aging's Laboratory of Neuroscience. He holds an M.D. in Medicine from Bombay University and a Ph.D. in Dev. Neurobiology from California Institute of Technology. He has authored over twenty submitted, five issued patents and 250 scientific publications in the field of stem cell therapies and has chaired the US FDA cell and gene therapy advisory committee.

Dr. Rao will receive an annual board retainer of $24,000 paid quarterly. Dr. Rao will also be awarded options to purchase 25,000 shares of the Company’s common stock, which will vest immediately, and will receive $1,500 per board meeting attended.

Dr. Rao has not previously held any positions with the Company and there have been no related party transactions between Dr. Rao and the Company. Dr. Rao has no family relationships with any director or executive officer of the Company, or persons nominated or chosen by the Company to become directors or executive officers. There are no other arrangements or understandings with Dr. Rao with respect to his appointment as a director.

Item 9.01 Financial Statements and Exhibits.

Press release dated March 12, 2008, titled "ThermoGenesis Names Dr. Mahendra Rao to Board of Directors"

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ThermoGenesis Corp.
March 12, 2008	By:	Matthew T. Plavan
		Name: Matthew T. Plavan
		Title: Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99	ThermoGenesis Corp. Names Dr. Mahendra Rao to Board of Directors

EX-99

THERMOGENESIS NAMES DR. MAHENDRA RAO
TO BOARD OF DIRECTORS

NEW BOARD MEMBER HAS CLINCIAL, CORPORATE AND REGULATORY EXPERIENCE IN STEM CELL THERAPY FIELD

(RANCHO CORDOVA, CA) March 12, 2008—ThermoGenesis Corp. (NASDAQ: KOOL), a leading supplier of innovative products that process and store adult stem cells, said today that Dr. Mahendra Rao, Vice President, Stem Cells and Regenerative Medicine at Invitrogen Corporation, has been named to the Company’s board of directors. His appointment brings the Company’s number of directors to six.

Dr. Rao has been involved in stem cell research for more than a decade. At Invitrogen, he heads the company’s stem cell research and development program. Invitrogen offers more than 1,200 products tailored to various parts of the stem cell research workflow for embryonic and adult stem cell populations. He has held his current position with the company since January 2006. Before that, he was Stem Cell Section Chief and Senior Investigator at the National Institute on Aging’s Laboratory of Neuroscience and is currently a visiting professor. He has also held associate professor positions at both the Johns Hopkins University and the University of Utah Schools of Medicine, and at the National Center for Biological Science in India.

Dr. Rao has served as Chairman of the FDA’s Cell and Gene Therapy Advisory Committee and is the founder of Q Therapeutics, a company working on the development of cellular therapy to treat multiple sclerosis. Dr Rao has coauthored approximately 250 primary article, reviews, and editorials on different aspects of stem cell biology.

“Dr. Rao possesses extensive knowledge and expertise in the stem cell arena and brings a wide range of strong clinical, regulatory and academic experience to our Company. His presence in the regulatory and clinical areas will be of great value as ThermoGenesis pursues its regenerative medicine growth strategy,” noted Dr. William Osgood, Chief Executive Officer of ThermoGenesis.

“I look forward to working with the Company’s management team and its board. ThermoGenesis is recognized as a technology leader in its field and is implementing a well-thought out strategy to increase its presence in the regenerative medicine market,” Dr. Rao stated.

Dr. Rao holds degrees from Bombay University in India and earned his Ph.D. from California Institute of Technology. He also conducted post-doctorate studies at Case Western Reserve University and Caltech.

About ThermoGenesis Corp.
ThermoGenesis Corp. (www.thermogenesis.com) is a leading supplier of innovative products and services that process and store adult stem cells for treatment of disease and injury. These products include:

• The BioArchive^® System, an automated cryogenic device, is used by cord blood stem cell banks in more than 25 countries for cryopreserving and archiving cord blood stem cell units for transplant. GE Healthcare is the non-exclusive global distribution partner for the BioArchive System.

• AXP™ AutoXpress Platform (AXP™) is a proprietary family of automated devices that includes the AXP and the MarrowXpressä and companion sterile blood processing disposable for harvesting stem cells in a closed system. The AXP device is used for the processing of cord blood. GE Healthcare is the exclusive global distribution partner for the AXP cord blood product. The MarrowXpress is used for isolating stem cells from bone marrow. ThermoGenesis sells the MarrowXpress directly to global customers.

• The CryoSeal^® FS System, an automated device and companion sterile blood processing disposable, is used to prepare fibrin sealants from plasma in about an hour. We received FDA approval to market the CryoSeal FS System in liver resection surgeries in July 2007. The CryoSeal FS System has received the CE-Mark. From a marketing perspective, the CE Mark is the European equivalent to an FDA approval, in that it allows sales of the product throughout the European community. Asahi Medical is the exclusive distributor for the CryoSeal System in Japan and the Company markets through independent distributors in Europe and South America.

• The Thrombin Processing Device^TM (TPD™) is a sterile blood processing disposable that prepares activated thrombin from a small aliquot of plasma in less than 30 minutes. The CE-Marked TPD is currently being marketed in Europe by Biomet, Inc., subsidiary Biomet Biologics, Medtronic, Inc. and independent distributors.

This press release, including statements regarding financial information for future
periods, contain forward-looking statements, and such statements are made pursuant to the safe
harbour provisions of the Private Securities Litigation Reform Act of 1995. These statements
involve risks and uncertainties that could cause actual outcomes to differ materially from those
contemplated by the forward-looking statements. Several factors, including timing of FDA approvals,
changes in customer forecasts, our failure to meet customers’ purchase order and quality
requirements, supply shortages, production delays, changes in the markets for customers’ products,
introduction timing and acceptance of our new products scheduled for fiscal year 2008, and
introduction of competitive products and other factors beyond our control, could result in a
materially different revenue outcome and/or in our failure to achieve the revenue levels we expect
for fiscal 2008. A more complete description of these and other risks that could cause actual
events to differ from the outcomes predicted by our forward- looking statements is set forth under
the caption “Risk Factors” in our annual report on Form 10-K and other reports we file with the
Securities and Exchange Commission from time to time, and you should consider each of those factors
when evaluating the forward looking statements.

ThermoGenesis Corp.
Web site: http://www.thermogenesis.com
Contact: Investor Relations
+1-916-858-5107, or
ir@thermogenesis.com