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NeoStem Presented at NASDAQ MarketSite in New York to Discuss Entry Into Merger Agreement With Progenitor Cell Therapy
Date:9/27/2010

umbilical cord blood units, blood and marrow derived stem cells and  dendritic cells).
  • PCT has served over 100 clients from around the world and is experienced with more than 20 different cell based therapeutics.  Most exciting is the fact that over 5,000 patients have been treated  with the cell therapy products that have been logistically arranged and transported by PCT
  • PCT has played an instrumental role in the manufacturing of  Provenge  throughout the clinical trial process,  that has led to Dendreon's successful FDA approval of the first major autologous cellular immunotherapy.  We believe PCT's core competencies in cell therapy development will contribute to moving forward NeoStem's proprietary VSEL ™ Technology.
  • Additionally, between NeoStem's  autologous adult stem cell collection capabilities and PCT's umbilical cord blood collection and long term storage services, the combined company will be the first of its kind to provide families autologous stem cell collection and storage with current Good Manufacturing Practices (cGMP)".

  • The closing of the merger is subject to various conditions, including the approval by NeoStem's stockholders of the issuance of NeoStem's securities in the merger.

    About NeoStem, Inc.

    NeoStem, Inc. is engaged in the development of stem cell-based therapies and building of a network of adult stem cell collection centers in the U.S. and China that are focused on enabling people to donate and store their own (autologous) stem cells for their personal use in times of future medical need. The Company is also the licensee of various stem cell technologies, including a worldwide exclusive license to VSEL™  technology which uses very small embryonic-like stem cells, shown to have several physical characteristics that are generally found in embryonic stem cells, and is pursuing the licensing of other technologies fo
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    SOURCE NeoStem, Inc.
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