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Progenitor Cell Therapy, a Wholly-Owned Subsidiary of NeoStem, Inc., Announces Additions to Management
Date:10/19/2011

NEW YORK, Oct. 19, 2011 /PRNewswire/ -- Progenitor Cell Therapy ("PCT"), a wholly-owned subsidiary of NeoStem, Inc. (NYSE Amex: NBS) ("NeoStem" or the "Company"), today announced key additions to its management team to meet the demands associated with its contract development and manufacturing activities, including those associated with NeoStem's other subsidiaries, which add to the PCT client list.  NeoStem is an international biopharmaceutical company with a focus on cell-based therapeutic development, and, through its acquisition of PCT, is solidifying its position as a leader in the development and manufacturing of cell therapies. The Company's strategic combination of revenues with manufacturing through its subsidiary, PCT, and global reach has positioned the Company for important advances in the cell therapy industry.  The success of PCT's client business has allowed the Company to expand its management and technical staff in order to grow revenue and advance these cell therapies towards commercialization.  

Timothy Fong, PhD, MBA, formerly of BD Biosciences, is joining PCT as Vice President, Technology and Product Development. David O'Neill, MD, formerly of New York University Medical Center, was recently appointed Director of Research and Development for the Company.

Dr. Fong brings with him significant experience from his previous position as Technical Director of the Cell Therapy Research Team, BD Biosciences, where, as part of the cell therapy enablement team, he was responsible for the development and manufacturing of conjugated antibody reagents for use in cell sorting for clinical cell therapeutic products. Prior to that role, Dr. Fong led a team at BD Biosciences in the development of a T Regulatory cell product for the treatment of GvHD and autoimmune diseases. This technology has since been licensed by NeoStem's Athelos subsidiary. While
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