Cesca Therapeutics Inc. announced the departure of Vivian Liu, Chief Operating Officer, and Joseph Balagot, Senior Vice President of Corporate Development, and one other member of the managerial team. This reduction was undertaken as part of a series of initiatives designed to lower operating losses while the Company focuses on aggressively driving growth and commercialization of its CAR-TXpress™ cellular processing platform and related X-Series™ products. Affected employees are being offered severance.