QualityStocks would like to highlight NeoStem, Inc. (NYSE: NBS). The company endeavors to be an integrative force in the cell therapy industry. By vertically integrating the collection, storage and processing of cell units and the development, manufacturing, distribution, and delivery of cell therapy products, NeoStem is positioned to take advantage of growth in the cell therapy industry as a whole. The company is developing an active portfolio of product candidate assets based on a diverse array of technology platforms. The company’s contract development and manufacturing service business, Progenitor Cell Therapy LLC, supports the development of proprietary cell therapy products.
In the company’s news yesterday,
NeoStem announced that it has been awarded a two-year grant totaling $1,221,854 from the National Institute of Dental and Craniofacial Research, a division of the National Institute of Health (NIH). The grant was for “Repair of Bone Defects With Human Autologous Pluripotent Very Small Embryonic-Like Stem Cells (VSEL)”. NeoStem has an exclusive worldwide license to VSEL technology.
This peer-reviewed grant will support a Phase II investigation and the first approved NIH clinical study of VSELs. The study, headed by Neostem’s Dennis O. Rodgerson, Ph.D., will be conducted in collaboration with Drs. Russell Taichman and Laurie McCauley of the University of Michigan. Enrollment of the study is expected to begin in 2013.
The study revolves around the evaluation of VSEL stem cells as a potential treatment for periodontitus. This disease affects up to 90% of the world’s population. The most severe form of periodontitus affects between 5% and 15% of the U.S. population. NeoStem’s product candidate is an autologous therapy derived from a patient’s own stem cells. Its aim is the regeneration of bone tissue damaged by severe periodontitus disease.
The market NeoStem’s therapy will be addressing is believed to generate $1.25-$1.5 billion annually. For additional information about NeoStem and VSEL technology, please visit www.neostem.com.
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