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NeoStem Signs Stem Cell Collection Agreement With University of Louisville Hospital
Date:5/27/2008

Center to Collect Adult Stem Cells for Storage and to Advance VSEL Research

NEW YORK, May 27 /PRNewswire-FirstCall/ -- NeoStem, Inc. (Amex: 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 signed a collection center agreement with the University of Louisville Hospital/ James Graham Brown Cancer Center.

Robin Smith, MD MBA, NeoStem's Chairman and Chief Executive Officer commented: "This is an extraordinary agreement for NeoStem and University of Louisville that will allow us to move adult stem cell therapies forward, both at the basic science and translational level."

NeoStem acquired the exclusive worldwide rights to Very Small Embryonic-Like (VSEL) Stem Cell technology developed by researchers at the University of Louisville in November 2007. VSELs have been identified in adult bone marrow and resemble embryonic stem cells both morphologically and transcriptionally. Although early stage technology, the Company expects VSELS to serve as the basis for its entry into the therapeutic market place. VSELs have the ability to grow in the laboratory and multiply into clusters of cells that then can differentiate into specialized cells found in different types of tissue including cardiac, neural, endothelial, muscle, pancreatic and hematopoietic cells. However, unlike controversial embryonic stem cells, VSELs can be harvested from adult peripheral blood. These naturally occurring regenerative cells may have the potential to be used for future therapeutic repair of degenerative, diseased or damaged tissue.

"The Louisville collection center represents a unique opportunity for University of Louisville," added Manuel M
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SOURCE NeoStem, Inc.
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