NEW YORK, May 6 /PRNewswire-FirstCall/ -- NeoStem, Inc. (NYSE Amex: NBS), which is pioneering the pre-disease collection, processing and long-term storage of adult stem cells for future medical need, has filed a patent application claiming the proprietary stem cell technology of Vincent C. Giampapa, M.D., F.A.C.S. relating to cosmetic facial rejuvenation, which NeoStem first licensed in February 2009.
The newest adult stem cell collection center in the NeoStem network, located at the Giampapa Institute for Anti-Aging Medical Therapy in Montclair, New Jersey, has received, from the state of New Jersey Department of Health and Senior Services, a blood bank license for autologous peripheral blood stem cell collection. This allows the center to open and commence operations, and together with the patent application will serve to significantly advance NeoStem's leadership in the anti-aging and regenerative medicine arena.
Dr. Giampapa, director of the Giampapa Institute for Anti-Aging Medical Therapy, is a board-certified plastic reconstructive surgeon and Assistant Clinical Professor of Plastic and Reconstructive Surgery at the
"NeoStem is very focused on acquiring technologies related to stem cell therapies," stated Robin Smith, M.D., MBA, NeoStem's Chief Executive Officer. "We are especially delighted to strengthen our relationship with Dr. Giampapa, as anti-aging technology is one of our key pursuits. Filing a patent for stem cell facial rejuvenation technology, while launching a new NeoStem collection center at the Giampapa Institute, creates a particularly advantageous situation for NeoStem. Just last week, the Food and Drug Administration announced that Botox and similar anti-wrinkle drugs must now carry "black box" warning labels explaining the potential of these materials to spread from the injection site to distant parts of the body, creating possible problems with swallowing or breathing. People worldwide can be expected to seek safer alternatives and NeoStem believes that the use of autologous stem cell procedures ("Your Cells for Your Use") may in fact be that effective, safe and non-invasive alternative."
About NeoStem, Inc.
NeoStem is developing a network of adult stem cell collection centers that are focused on enabling people to donate and store their own (autologous) stem cells when they are young and healthy for their personal use in times of future medical need. The Company has also entered into research and development through the acquisition of a worldwide exclusive license to technology to identify and isolate VSELs (very small embryonic-like stem cells), which have been shown to have several physical characteristics that are generally found in embryonic stem cells. The Company is also pursuing other technologies to advance it position in the field of stem cell tissue regeneration.
For more information, please visit: www.neostem.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. The Company's actual results, including the success of the collection centers in its network and whether the patent application described in this press release will issue, could differ materially from those anticipated in these forward-looking statements as a result of various factors. Factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the "Risk Factors" described in the Company's Annual Report on Form 10-K for its fiscal year ended December 31, 2008 and the Company's other periodic filings with the Securities and Exchange Commission. The Company's further development is highly dependent on future medical and research developments and market acceptance, which is outside its control.
Contact: NeoStem, Inc. Robin Smith, Chief Executive Officer T: 212-584-4180 E: firstname.lastname@example.org www.neostem.com
|SOURCE NeoStem, Inc.|
Copyright©2009 PR Newswire.
All rights reserved