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NeoStem's New York City Adult Stem Cell Collection Center Has Opened and Begun Collections
Date:12/4/2008

NEW YORK, Dec. 4 /PRNewswire-FirstCall/ -- NeoStem, Inc. (NYSE Alternext US: NBS), which is pioneering the pre-disease collection, processing and long-term storage of adult stem cells for future medical need, today announced that it has reached a major milestone in its current business plan with the opening of the first ever collection center for collection of adult stem cells by the general public for future medical need in New York City and has chosen Bruce Yaffe, M.D., Yaffe, Ruden and Associates (founder and partner), a vibrant Manhattan based medical practice, to perform collections in this important market.

"My wife, Karen, and I jumped on the opportunity to be among the first in New York City to undergo this painless stem cell collection process. We are very excited about having made this important decision, taking out a "bioinsurance" policy to have ready access in the future to different ASC therapies that are developing. This includes the possibility of having a complete bone marrow transplantation if that were ever necessary," stated Dr. Yaffe. "The future possibilities of how this bank of stem cells may be used are potentially endless, especially given the new outlook on adult stem cell research that is expected to occur under the administration of President Elect Obama," Dr. Yaffe added.

Robin Smith, MD MBA, NeoStem's Chairman and Chief Executive Officer commented, "We are excited to have teamed up with Dr. Bruce Yaffe to provide our adult stem cell collection services in the New York Metropolitan area. This New York center, due to its strategic location in midtown Manhattan, is ideally suited to serve all of New York City as well as the surrounding Tri- State area. We are currently embarking on a Tri-State area public awareness program to inform the general population, including the 1200 patients per week who presently receive medical care services from Yaffe, Ruden and Associates, about the importanc
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SOURCE NeoStem, Inc.
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