Navigation Links
NeoStem Secures $250,000 in an Above Market Financing and Expands Its Relationship With New England Cryogenic Center, Inc.
Date:10/27/2008

NeoStem Opens New Boston Area Facility

NEW YORK, Oct. 27 /PRNewswire-FirstCall/ -- NeoStem, Inc. (AMEX: NBS - News), NeoStem, Inc., which is pioneering the pre-disease collection, processing and long-term storage of adult stem cells for future medical need, announced today that it has closed on a private placement financing in the amount of $250,000. The funds will assist the Company in launching its adult stem cell collection network in the New York City market and increasing its research and development activities prior to receipt of the $800,000 in federal funds that have been earmarked by the Department of Defense through the FY09 Appropriations Bill to evaluate the efficacy and potential use of stem cell therapy for treating injuries suffered by U.S. military and first responders.

The private placement financing consists of units priced at $1.25 per unit with each unit consisting of one share of common stock and a warrant to purchase one share of common at $1.75. Dr. Robin Smith, Chairman and CEO of NeoStem commented, "We have felt that our stock price has been undervalued in light of recent stock market conditions and current credit crunch and this $250,000 private investment at above market prices helps to validate our sentiments. We believe we are in an exciting new phase of our development and we take comfort in the fact that this private placement, along with the $800,000 earmark from the US Department of Defense, show confidence in our technology and the importance that adult stem cell therapy may one day represent in medical treatment."

Dr. Smith also took this opportunity to comment on NeoStem's recently expanded relationship with New England Cryogenic Center, Inc. "NECC has been a leader in cryogenics for over 25 years and we have carefully chosen their state of the art facility in which to establish our own stem cell basic research and development capacity to seek to accelerate the development of our very small embryonic li
'/>"/>

SOURCE NeoStem, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related biology technology :

1. Suzanne Somers, Renowned Author, Medical Advocate, and Official Spokesperson for NeoStem, Inc., Inspires the Audience on The Ellen Degeneres Show
2. 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
3. NeoStem Expands Adult Stem Cell Collection Network, Gains Footprint in Key Los Angeles Market and Initiates Waitlist
4. Suzanne Somers To Promote Growing Importance of Storing Your Own Adult Stem Cells Under Alliance With NeoStem, Inc.
5. NeoStem Announces Private Placement Financing to Advance Marketing Campaign; Financing Includes Investment from New England Cryogenic Center
6. NeoStem to Expand Stem Cell Collection Center Network to Florida
7. NeoStem Featured in WCBS-TV Health Watch Segment on Adult Stem Cells
8. NeoStems Denis Rodgerson, Ph.D. to Lecture on Stem Cells and Regenerative Medicine at University of Nevada Las Vegas Campus
9. NeoStem to Present at Third Annual Stem Cell Summit in New York City
10. NeoStem Announces NY State License for Adult Stem Cell Collection
11. Transave, Inc. Secures $12.5 Million in New Financing

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/5/2009)...v. 5 SpineSmith Partners has signe...evelop a unique scaffold that mimics the structure... of several commercial products by SpineSmith,s Re...ieves the GenOsteo scaffold represents a significa... and ideal environment for the delivery of adult s...
(Date:11/5/2009)... Drug safety specialty firm BioSoteria announced...ics earned the Certified Professional in Learning ...American Society for Training and Development (AST...more than fifteen years of medical communications ...ible for the development of the company,s online p...
(Date:11/5/2009)... Brooke Sanders brings a new look to Pro Repro ...ber 5, 2009 -- Professional Reprographics, Orange ...ny is pleased to present Brooke Sanders to the com...R specialist. The addition of Brooke to the compan...n Professional Reprographics., , ,Brooke brings wi...
(Date:11/4/2009)... The Human Anthrax Vaccine Program must be stopp...ature film "A Call to Arms:2009 Edition"...al Immunity: The Human Anthrax Vaccine Story"...danger of top secret government science turned int...tability to its victims. It is available for worl...
Breaking Biology Technology:SpineSmith Partners and GenOsteo Announce Collaborative Product Development Agreement 2BioSoteria eLearning Executive Michelle Nolin Flewell Earns Certification 2BioSoteria eLearning Executive Michelle Nolin Flewell Earns Certification 3BioSoteria eLearning Executive Michelle Nolin Flewell Earns Certification 4Scott Miller's 'A Call To Arms' And 'Fatal Immunity' Are Available For World-Wide Licensing 2Scott Miller's 'A Call To Arms' And 'Fatal Immunity' Are Available For World-Wide Licensing 3Scott Miller's 'A Call To Arms' And 'Fatal Immunity' Are Available For World-Wide Licensing 4Scott Miller's 'A Call To Arms' And 'Fatal Immunity' Are Available For World-Wide Licensing 5Scott Miller's 'A Call To Arms' And 'Fatal Immunity' Are Available For World-Wide Licensing 6Scott Miller's 'A Call To Arms' And 'Fatal Immunity' Are Available For World-Wide Licensing 7
...-FirstCall/ - Spectral Diagnostics Inc. (TSX:SDI),...f sepsis, today announced that the 29th Internatio...cine in Brussels, Belgium from March 24-27, 2009 w...The Role of Endotoxin", that will include presenta...sis. Presentations will include topics such as def...
...Medical, Inc. (OTC Bulletin Board: AEMD) today ann... of the Aethlon Hemopurifier(R) as an adjunct ther...Hemopurifier(R) is a first-in-class medical device...ectious disease through real-time therapeutic filt... proteins. In HCV care, the device inhibits viral...
...peutics, Inc. (CTI) (NASDAQ and MTA: CTIC) announc...hareholders held on Tuesday, March 24, 2009. , , ... to increase the number of shares of authorized st... of authorized common stock), the proposal to incr...nder its 2007 Equity Incentive Plan and the propos...
Other Biology Technology:Spectral announces presentations at the 29TH International Symposium on Intensive Care and Emergency Medicine focusing on the role of endotoxin 2Aethlon Medical Announces Data Supported Strategy to Increase Hepatitis-C (HCV) Cure Rates 2Aethlon Medical Announces Data Supported Strategy to Increase Hepatitis-C (HCV) Cure Rates 3Aethlon Medical Announces Data Supported Strategy to Increase Hepatitis-C (HCV) Cure Rates 4Aethlon Medical Announces Data Supported Strategy to Increase Hepatitis-C (HCV) Cure Rates 5Cell Therapeutics, Inc. Reports Outcome of Special Meeting of Shareholders 2
(Date:11/4/2009)..., Calif., Oct. 19 Spectros, develo... and imaging devices which shed light on life-thre...ed exclusive distribution deals for both its T-Sta...ets covered include Australia, New Zealand, The N...e, Italy, France, Spain, Portugal, Poland, Greece,...
(Date:11/4/2009)...f., Oct. 23 GenVault Corporation, ...ment for genomic discovery, medicine and identific...enVault,s President and CEO, will be presenting at...tober 26th and 27th in La Jolla, CA. ,, During ...iew of the company together with recent customer, ...
(Date:11/4/2009)...4 Glencoe Software, Inc., the comm...) Consortium ( http://openmicroscopy.org ), is p...an Society of Cell Biology,s exciting new project ...been awarded a $2.5M stimulus grant through the Na...ities program, as part of the American Reinvestmen...
Breaking Biology News(10 mins):Spectros Signs New International Distribution Deals 2GenVault Corporation to Present at the 2009 BIOCOM Investor Conference 2Glencoe Software to Support the ASCB 'Stimulus Grant' to Build Virtual Image Library of the Cell 2House Health Reform Bill Would Deliver on President Obamas Vision Says Campaign for Americas Future 51930 1Dietary Oils May Help Some Fight Fat 51925 1Dietary Oils May Help Some Fight Fat 51925 2Dietary Oils May Help Some Fight Fat 51925 3Michigan Chamber of Commerce Joins Americans Against Food Taxes 3B Calls Health Care Reform Effort a Job Killer 51920 1
... but until recently no one knew how to unlock its ...nal Nature reveals the atomic structure of this ... new directions for drug development. , APOBEC-3G...stopping HIV at the first step of replication, whe...A. , The study,s authors, led by Xiaojiang Chen o...
...aped not only how we find or share information, bu...unded by the National Institutes of Health plans t...l. , The University of Michigan will lead the eff...d to develop computer programs that more accuratel... be housed in a Web-based resource that the scient...
...ool in Plymouth, UK, have carried out research tha... recommended to children from health experts may n...hood obesity. , Their research has been published... of Diseases in Childhood." , The results come fr...elopment of over 200 children in Plymouth born in ...
Other Biology News:Body's anti-HIV drug explained 2New data resource to advance computer-aided drug design 2Recommendations for children's exercise lacking say experts 2
Propidium Iodide from GeneTex
Mouse Anti-Mouse Qa.m7 Monoclonal Antibody, Unconjugated, Clone 5035-50.1 from CEDARLANE Laboratories Limited
Corning GAPS II Slides from Invitrogen
Mouse Anti-Mouse Qa.m8 Monoclonal Antibody, Unconjugated, Clone 5035-24.1 from CEDARLANE Laboratories Limited
Biology Products: