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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
Date:8/5/2008

NEW YORK, Aug. 5 /PRNewswire-FirstCall/ -- NeoStem, Inc. (Amex: NBS) announced today that the new Southern Florida stem cell collection center located in Coral Gables, a suburb of Miami, is targeted to open in September. The center is being opened pursuant to an agreement with CelVida LLC. With the opening of this center, NeoStem has secured a key geographic stronghold in an area that is open to a large U.S. market as well as a growing sophisticated South American presence.

Chester Amedia, Jr. MD, FACP, is the Founder and President of CelVida LLC and has had extensive business and patient care experience in the fields of disease management and extracorporeal therapy. "We are thrilled to be part of what many believe to be an emerging "Stem Cell Revolution" and have chosen to strategically align with NeoStem to provide individuals looking for a proactive approach to their future medical care the opportunity to have their stem cells collected and preserved for use in the future in the event of medical need," stated Dr. Amedia. "It is estimated that by 2017 there will be as many as 2 million annual procedures that will include stem cell based therapies for diabetes, orthopedic injuries, cardiovascular disease, inflammatory diseases, among others."

"We are thrilled to be working with such an accomplished physician who has demonstrated success in building a flourishing medical business. We believe that patient specific stem cell collection and storage one day will be viewed as being as routine as securing health insurance. We continue to see an abundance of evidence in the scientific literature as data from clinical trials supports the proposition that autologous adult stem cell therapies are emerging as an important measure in rep
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SOURCE NeoStem, Inc.
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