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NeoStem Featured in Business Week; 'Promising' Adult Stem Cell Market Discussed in Fortune-CNNMoney.com Article
Date:6/22/2009

NEW YORK, June 22 /PRNewswire-FirstCall/ -- NeoStem, Inc. (NYSE Amex: NBS), 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 article distributed by CNNMoney.com.

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'
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SOURCE NeoStem, Inc.
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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.

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