Navigation Links
NeoStem Completes $11 Million Private Placement Financing to Support Expansion Activities in China, Further Development of NeoStem's VSEL Technology and Advancement of Medical Tourism Initiatives
Date:4/13/2009

itions and medical tourism - defined as travel by people whose primary and explicit purpose is to access in a foreign country medical treatment not yet available in their own nation. Through its connections with leading physicians in China and the U.S., NeoStem expects to connect U.S. citizens with advanced therapies not yet available in the U.S., and attract people from other countries to seek safe and effective regenerative therapies as they become available here. A portion of the funds also will be used to expand U.S.-based operations. In addition, a portion of the proceeds will be used to repay $1,125,000 in bridge financing received from RimAsia Capital Partners, LP in February and March, interest on the bridge financing and other costs advanced by RimAsia in connection with the Company's expansion activities in China.

Dr. Robin Smith, Chairman and CEO of NeoStem, stated, "We are extremely pleased to receive this substantial investment from a group of highly respected investors in Asia. Our relationships with our business partners in China continue to deepen as we recognize increasing areas of synergies among our innovative stem-cell technologies, products and services, and business models. When these acquisitions are completed, we anticipate NeoStem will benefit greatly from expanded new markets, distribution channels and production capabilities for a growing pipeline of regenerative drugs and procedures offered in the world's two largest economies."

Eric Wei, Managing Partner of RimAsia Capital Partners, LP said, "We are extremely optimistic about the growth opportunities for NeoStem based on its multi-pronged plan to capitalize on a growing PRC-based network. We are glad to be joined by other investors in Asia who recognize the huge market potential for stem cell therapies in the PRC, a field in which breakthroughs are developing at an accelerating rate."

The securities sold were sold without regis
'/>"/>

SOURCE Neostem, Inc.
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4

Related biology technology :

1. NeoStem Announces NY State License for Adult Stem Cell Collection
2. NeoStem to Present at Third Annual Stem Cell Summit in New York City
3. NeoStems Denis Rodgerson, Ph.D. to Lecture on Stem Cells and Regenerative Medicine at University of Nevada Las Vegas Campus
4. NeoStem Featured in WCBS-TV Health Watch Segment on Adult Stem Cells
5. NeoStem to Expand Stem Cell Collection Center Network to Florida
6. NeoStem Announces Private Placement Financing to Advance Marketing Campaign; Financing Includes Investment from New England Cryogenic Center
7. Suzanne Somers To Promote Growing Importance of Storing Your Own Adult Stem Cells Under Alliance With NeoStem, Inc.
8. NeoStem Expands Adult Stem Cell Collection Network, Gains Footprint in Key Los Angeles Market and Initiates Waitlist
9. NeoStem Forges Ahead in Its Plan to Open Adult Stem Cell Collection Centers in Key Locations that Can Serve as Hubs to Service Clients Nationwide
10. Suzanne Somers, Renowned Author, Medical Advocate, and Official Spokesperson for NeoStem, Inc., Inspires the Audience on The Ellen Degeneres Show
11. NeoStem Secures $250,000 in an Above Market Financing and Expands Its Relationship With New England Cryogenic Center, Inc.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/16/2009)... Dec. 16 Martek Biosciences Corporation (Nasdaq: ... fourth quarter and fiscal year ended October 31, 2009. ... 3% from $90.4 million in the fourth quarter of ... per diluted share, for the fourth quarter of fiscal ... $0.31 per diluted share, in last year,s fourth quarter. ...
(Date:12/16/2009)... 16 Cord Blood America, Inc. (OTC ... cell preservation company ( http://www.cordblood-america.com ) focused ... cells, a biological insurance policy, to families nationwide ... its debt by a total of $1.4 million ... and total debt eliminated for the year now ...
(Date:12/16/2009)... Sequenom, Inc. (Nasdaq: SQNM ), ... and Mr. David Pendarvis to its board of ... ,, Kenneth F. Buechler, Ph.D., was president, chief ... 1988 to 1994, Dr. Buechler was Biosite,s director ... was a senior research scientist for the diagnostics ...
(Date:12/16/2009)... HSP-A Soy Peptone. HSP A has been found to be ... ... (PRWEB) December 16, 2009 -- Nu-Tek BioSciences, LLC. ( www.nu-tekproducts.com ) ... Peptone. HSP-A, previously manufactured by Nutricepts, Inc. (Burnsville, Mn), is ... growth rates and yields. HSP-A has been found to be ...
Breaking Biology Technology:Martek Announces Fourth Quarter and FY 2009 Financial Results 2Martek Announces Fourth Quarter and FY 2009 Financial Results 3Martek Announces Fourth Quarter and FY 2009 Financial Results 4Martek Announces Fourth Quarter and FY 2009 Financial Results 5Martek Announces Fourth Quarter and FY 2009 Financial Results 6Martek Announces Fourth Quarter and FY 2009 Financial Results 7Martek Announces Fourth Quarter and FY 2009 Financial Results 8Martek Announces Fourth Quarter and FY 2009 Financial Results 9Martek Announces Fourth Quarter and FY 2009 Financial Results 10Martek Announces Fourth Quarter and FY 2009 Financial Results 11Martek Announces Fourth Quarter and FY 2009 Financial Results 12Martek Announces Fourth Quarter and FY 2009 Financial Results 13Martek Announces Fourth Quarter and FY 2009 Financial Results 14Cord Blood America Says 2009 Debt Reduction Tops $10 Million 2Cord Blood America Says 2009 Debt Reduction Tops $10 Million 3Sequenom Appoints Two New Board Members 2Sequenom Appoints Two New Board Members 3
... XI,AN, China, Aug. 20 /Xinhua-PRNewswire/ -- Huifeng ... leading developer and,producer of plant extracts and ... and food production, today announced it will,be ... Conference, August 19-21 in Rio,de Janeiro, Brazil., ...
... Group Inc.,(Nasdaq: GSIG ) announced today the expiration ... its indirect wholly-owned subsidiary Eagle,Acquisition Corporation (EAC) for all ... XLTC ). The initial offering period expired,as scheduled, ... August 19,2008., The depositary for the offer has ...
... ... guidelines for use of Trofile, SOUTH SAN FRANCISCO, Calif., ... announced that Wellpoint, Inc. has,established a national Medical Policy Guideline ... testing with Trofile is,considered medically necessary for selecting individuals for ...
Other Biology Technology:Huifeng Bio-Pharmaceutical (HFGB) to Attend CPhI South America 2008 Pharmaceutical Conference; The First CPhI Conference to be held in the Emerging Market of Brazil 2GSI Group Accepts Shares in Tender Offer for Excel Technology and Commences Subsequent Offering Period 2GSI Group Accepts Shares in Tender Offer for Excel Technology and Commences Subsequent Offering Period 3Medical Policy Guideline for Trofile(TM) Established By Wellpoint, Inc. 2Medical Policy Guideline for Trofile(TM) Established By Wellpoint, Inc. 3Medical Policy Guideline for Trofile(TM) Established By Wellpoint, Inc. 4
(Date:12/16/2009)... the US have proposed a new method to ... findings, published in Animal Conservation , suggest ... behaviour, can benefit highly mobile marine predators such ... associated with setting conservation priorities for such mobile ... Erin Ashe, a PhD student at the University ...
(Date:12/16/2009)... source of financial and technical assistance to developing countries ... appear to be connected to space technology, but large ... intrinsically linked. , Global climate change is also an ... in the poorest countries and communities, which will suffer ... led to a growing demand for information about the ...
(Date:12/16/2009)... Hill, CA Tom Bowman, an expert in communicating ... Global Change, has developed a series of graphics that ... Climate Change (IPCC) report for public audiences. These new ... they need to make informed decisions about climate change ... as a means to clearly and accurately communicate findings ...
Breaking Biology News(10 mins):Zoning the ocean may help endangered whales to recover 2Zoning the ocean may help endangered whales to recover 3ESA and World Bank move toward closer collaboration 2ESA and World Bank move toward closer collaboration 3ESA and World Bank move toward closer collaboration 4Bowman creates graphic translation of climate change data 2Air Quality Action Day Declared for Tuesday August 18 2009 54666 1Air Quality Action Day Declared for Tuesday August 18 2009 54666 2Assurant Employee Benefits to Reinsure Shenandoah Life Insurance Companys Group Benefits Business 54662 1Assurant Employee Benefits to Reinsure Shenandoah Life Insurance Companys Group Benefits Business 54662 2US born Asian American women more likely to think about attempt suicide 54659 1US born Asian American women more likely to think about attempt suicide 54659 2US born Asian American women more likely to think about attempt suicide 54659 3
... sugar's manufacture in a novel way: by limiting the ... in the April issue of the journal Cell Metabolism, ... mice deficient for KLF15, a member of the so-called ... the blood sugar glucose—a primary energy source for the ...
... Vaccine Initiative's (IAVI) January 2007 Annual Issue of VAX, ... by IAVI, reports that 13 new preventive AIDS vaccine ... in 2006. There are now more than 30 trials ... This annual publication provides the only comprehensive listing of ...
... wheat variety have led to a major advance in breeding ... published in the journal Plant Physiology researchers describe the two ... by excluding salt from different parts of the plant: one ... of the two genes is the subject of international patents. ...
Other Biology News:Blood sugar's manufacture limited by building blocks' supply 230+ AIDS vaccine clinical trials in 24 countries, research occurring on every continent 2Ancient genes used to produce salt-tolerant wheat 2
... paraffin tissue array is designed for ... interest in extensive panels of different ... heart, kidney, liver, lung, muscle, spleen ... positively charged glass slide. Each ...
... Reagent, 1 ml. Improves reproducibility ... by preventing streaking.Eliminates extra spots ... proteins.Stabilizes proteins throughout entire 2-D ... protein patterns.Ideal for both analytical ...
GENOMIPHI HY KIT 1000 RXN, 1 EA. Category: Genomics DNA Amplification....
...
Biology Products: