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NeoStem Provides Second Quarter Update
Date:8/16/2010

ommercialization is anticipated to begin by the end of 2010. Erye has an additional five products in its pipeline and is working with NeoStem to evaluate opportunities to in-license or acquire new drug opportunities to enhance the long-term growth potential.

The Company believes it is well positioned to recognize both near- and long-term revenue opportunities through stem cell therapeutics.  Adult stem cell collection and storage as well as orthopedic treatment has commenced through NeoStem's collaborators in China and Taiwan.  In the United States, NeoStem continues to work with thought leaders to deploy and advance an innovative group of stem cell technologies including the VSEL Technology in an effort  to develop treatment for a wide range of diseases.  

Recent Milestones

  • Exclusive collaboration with the Vatican's Pontifical Council for Culture to expand adult stem cell research and raise awareness of the importance of adult stem cell research and therapies and the Pontifical Council has undertaken to commit $1 million to seed the joint initiatives;
  • $700,000 contract from the U.S. Army Medical Research and Materiel Command, Telemedicine and Advanced Technology Research Center (USAMRMC-TATRC)  to advance adult stem cell therapies in treating traumatic wounds [Army Medical Research Acquisition Activity contract number: (W81XWH-10-2-0039)]  by evaluating the use of topically applied bone marrow-derived adult mesenchymal stem cells (MSCs) for rapid wound healing and preliminary assessment of VSEL™ Technology;
  • Sponsored research agreement (SRA) with the Schepens Eye Research Institute, an affiliate of Harvard Medical School, to study the development of therapies for both age-related macular degeneration (AMD) and Glaucoma using NeoStem's proprietary VSEL™ Technology.

  • About NeoStem, Inc.

    NeoStem, Inc. is engaged in the development of stem cell-based ther
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    SOURCE NeoStem, Inc.
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