Enhance BioMedical staff in the proprietary knowledge, technology and operating procedures to provide Enhance clients with these services. In return, NeoStem is entitled to a six figure technical assistance fee. NeoStem also will be entitled to a stated royalty on gross revenues generated by Enhance from providing the NeoStem stem cell services for the duration of the renewable 10 year Network Agreement and also may receive other fees in connection with assisting in the launching of the network.
Robin Smith, M.D., MBA, NeoStem's Chief Executive Officer, said, "We are very pleased to form this alliance with Enhance Biomedical Holdings. It advances our strategy of collaboration with China-centered enterprises and will expand internationally our network of adult stem cell collection centers in key metropolitan areas in the United States. We believe our overall international strategy will create strong commercial, financial and scientific opportunities for NeoStem, enabling us to accelerate our stem cell therapy, research and development activities and create intellectual property positions in environments that are accepting of stem cell science and therapies while maintaining the rigorous standards adhered to in the United States for new technologies."
NeoStem's platform business provides the infrastructure, methods and systems that allow adults to have their stem cells safely collected and conveniently banked through safe, minimally invasive processes that can take place in a doctor's office, clinic, academic medical center or hospital that is part of a developing nationwide network of NeoStem Collection Centers.
Jackson Ling, CEO of Enhance Holding Corporation, said, "We are very excited to form this alliance with NeoStem, Inc. I have been greatly impressed with the forward thinking of this company's leadership and with the commercial potential for NeoStem technologies and services in Taiwan and China. China hasPage: 1 2 3 4 Related biology technology :1
. NeoStem Announces NY State License for Adult Stem Cell Collection2
. NeoStem to Present at Third Annual Stem Cell Summit in New York City3
. NeoStems Denis Rodgerson, Ph.D. to Lecture on Stem Cells and Regenerative Medicine at University of Nevada Las Vegas Campus4
. NeoStem Featured in WCBS-TV Health Watch Segment on Adult Stem Cells5
. NeoStem to Expand Stem Cell Collection Center Network to Florida6
. NeoStem Announces Private Placement Financing to Advance Marketing Campaign; Financing Includes Investment from New England Cryogenic Center7
. 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 Waitlist9
. NeoStem Forges Ahead in Its Plan to Open Adult Stem Cell Collection Centers in Key Locations that Can Serve as Hubs to Service Clients Nationwide10
. Suzanne Somers, Renowned Author, Medical Advocate, and Official Spokesperson for NeoStem, Inc., Inspires the Audience on The Ellen Degeneres Show11
. NeoStem Secures $250,000 in an Above Market Financing and Expands Its Relationship With New England Cryogenic Center, Inc.