Rochester,NY 7/1/2009 12:55:32 AM
NBS - NeoStem Featured in Business Week
Neostem, Inc
AfterNoon Movers - NBS - NeoStem Featured in Business Week- Sourced WhisperFromWallStreet.com
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Neostem, Inc.NBS
After Hours: 1.99 Up 0.22 (12.38%) 11:13am ET
which is pioneering the pre-disease collection, processing and long-term storage of adult stem cells for future medical need, was featured in Gene Marcial's prominent Business Week column, "Inside Wall Street," on June 18, 2009. Also, on June 16, 2009, the expanding investment potential for adult stem cell businesses was assessed in a substantial Fortune Magazine.
In his Business Week column, Mr. Marcial observed, "Big plans by tiny NeoStem (NBS), which collects and stores adult stem cells for future medical use, have helped catapult its stock to $2.27 a share from 50 cents on March 9." The columnist went on to cite NeoStem's patent protection filed for in May for an adult stem cell technology to be used in cosmetic facial rejuvenation. He also cited the 51% stake NeoStem is taking in Suzhou Erye Pharmaceutical Co. Ltd., a 50-year-old Chinese drug manufacturer with approximately $50 million in revenues in 2008. This acquisition is subject to obtaining the approval of the shareholders of the Company and China Biopharmaceuticals Holdings, Inc., obtaining appropriate regulatory approvals and other customary closing conditions. For clarification, separate from the Company's planned entrance into the pharmaceutical business in China through the acquisition of Erye, the Company is embarking on its own independent initiatives to develop stem cell therapies in China. Mr. Marcial also cites NeoStem's raise of $11 million in April and its exclusive 10-year agreement, announced June 15, 2009, with Enhance BioMedical Holdings Limited, a Shanghai corporation, to develop a network of Stem Cell Collection and Treatment Centers in Shanghai, and the Chinese provinces of Jiangsu, Zhejiang, Fujian, Anhui and Jiangxi using NeoStem's proprietary technologies.
About
NeoStem, Inc., together with its subsidiaries, operates a network of commercial autologous adult stem cell banks in the metropolitan areas of the United States. It provides adult stem cell processing, collection, cryopreservation, and banking services. Stem cells are used to treat various serious diseases and conditions, including cardiac disease, autoimmune disorders, lupus, multiple sclerosis, peripheral vascular diseases, age related musculoskeletal disorders, diabetes, cancer, neurological disease, and wound healing. The company has a strategic alliance with New England Cryogenic Center, Inc. to provide processing and storage capacity for consumers on the East Coast, and process and store for research purposes; and with UTEK Corporation to identify and isolate stem cells from adult human bone marrow called very small embryonic-like stem cells. The company was formerly known as Phase III Medical, Inc. and changed its name to Neostem, Inc. in 2006. NeoStem, Inc. is headquartered in New York, New York.
Last Trade: 1.97
Day's Range: 1.83 - 2.05
52wk Range: 0.41 - 2.72
Volume: 102,963
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