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Tepper School Start-Up to Ring Nasdaq Stock Market Opening Bell
Date:8/13/2008

Winner of Global Moot Corp(R) Contest Developed Innovative Technology To

Extract and Preserve Adult Stem Cells

PITTSBURGH, Aug. 13 /PRNewswire/ -- A team of students from the Tepper School of Business at Carnegie Mellon University will ring The NASDAQ Stock Market Opening Bell at 9:30 a.m. ET on Friday, Aug. 15 in New York City. The event is one of the coveted prizes from the team's win at this year's Global Moot Corp(R) competition, the annual business school contest known as the "Super Bowl of Business Plan Competitions."

(Logo: http://www.newscom.com/cgi-bin/prnh/20070425/CARNEGIELOGO )

The students' winning venture -- a medical technology company called NeuroBank -- beat out 37 other teams from leading business schools around the globe for this year's top honor. NeuroBank has developed a breakthrough proprietary technology to harvest, isolate, expand and store neurologic stem cells from cerebrospinal fluid, a clear bodily fluid around and inside the brain. The technology allows minimally invasive extraction, isolation, expansion and cryopreservation of these stem cells, which could be used to develop treatments for Alzheimer's disease, stroke or traumatic brain injury, among others. In addition, the technology will allow patients to store healthy neural stem cells to receive cutting-edge treatments for diseases they might develop later in life.

The NeuroBank team is comprised of MBA candidate Dr. Raymond Sekula and Sasha Bakhru, a Ph.D. candidate at Carnegie Mellon's College of Engineering. The team's advisors are Arthur A. Boni, the John R. Thorne Chair of Entrepreneurship; S. Thomas Emerson, the David T. and Lindsay J. Morgenthaler Professor of Entrepreneurship; and Thomas J. Hajduk, associate teaching professor of business management communication and entrepreneurship. As Moot Corp(R) winners, they received a prize packag
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SOURCE Tepper School of Business at Carnegie Mellon
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