EXHIBIT 23.2


                                                         BULLIVANT HOUSER BAILEY
                                                                 ATTORNEY AT LAW


DAVID C. ADAMS
e-mail:  david.adams@bullivant.com

                                 November 21, 2005


Via U.S. Mail

Board of Directors
Thermogenesis Corp.
2711 Citrus Road
Rancho Cordova, CA 95742

         Re:      Common Stock of Thermogenesis Corp.

Dear Gentlemen:

     We act as counsel to  Thermogenesis  Corp.,  a  Delaware  corporation  (the
"Company"),  in connection with the  registration of up to $75,000,000 of shares
of common stock,  $0.001 par value,  of the Company (the  "Offered  Securities")
under the Securities Act of 1933, as amended (the Securities  Act"). The Offered
Securities are further described in the Company's registration statement on Form
S-3  filed  with  the  Commission  on  November  21,  2005  (the   "Registration
Statement").

     For the purpose of rendering this opinion,  we examined originals or copies
of such documents as deemed to be relevant.  In conducting our  examination,  we
assumed,  without  investigation,   the  genuineness  of  all  signatures,   the
correctness of all certificates,  the authenticity of all documents submitted to
us as originals, the conformity to original documents of all documents submitted
as certified or photostatic  copies,  and the  authenticity  of the originals of
such copies,  and the accuracy and completeness of all records made available to
us by the Company.  In addition,  in rendering this opinion, we assumed that the
Offered  Securities will be offered in the manner and on the terms identified or
referred to in the Registration Statement, including all amendments thereto.

     Our opinion is limited solely to matters set forth herein.  The law covered
by the  opinions  expressed  herein is limited to the  Federal Law of the United
States,  the law  applicable to contracts of the State of California and the law
applicable to corporations of the State of Delaware.

     Based upon and subject to the  foregoing,  after  giving due regard to such
issues of law as we deemed  relevant,  and  assuming  that (i) the  Registration
Statement becomes and remains effective,  and the prospectus and the supplements
to the prospectus, which is part thereof (the "Prospectus"),  and the Prospectus
delivery  requirements with respect thereto,  fulfill all of the requirements of
the Securities Act, throughout all periods relevant to the opinion, and (ii) all
offers and sales of the Offered  Securities  will be made in compliance with the


November 21, 2005
Page 2


securities laws of the states having jurisdiction thereof, we are of the opinion
that the Offered  Securities in the aggregate amount of $75,000,000 to be issued
pursuant to the  Registration  Statement will be legally issued,  fully paid and
nonassessable.

     We hereby consent in writing to the use of our opinion as an exhibit to the
Registration  Statement and any amendment thereto. By giving such consent, we do
not thereby  admit that we come within the category of persons  where consent is
required under Section 7 of the  Securities Act or the rules and  regulations of
the Securities and Exchange Commission.

                                   Sincerely,

                                   /s/ Bullivant Houser Bailey PC

                                   BULLIVANT HOUSER BAILEY PC