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NeoStem Announces Agreement With Shijiazhuang Third Hospital in the Provincial Capital of Hebei Province, China to Offer Orthopedic Applications Based on NeoStem’s Licensed Technology
Date:12/9/2010

NEW YORK, Dec. 9, 2010 /PRNewswire/ -- NeoStem, Inc. (NYSE Amex: NBS) ("NeoStem" or the "Company"), an international biopharmaceutical company with product and service revenues, global research and development capabilities and operations in three distinct business units – U.S. adult stem cells, China adult stem cells, and China pharmaceuticals – announced today that an affiliated entity has entered into an agreement with Shijiazhuang Third Hospital in the People's Republic of China (PRC) to offer NeoStem's licensed treatments for orthopedic applications.

Chinese citizens of Shijiazhuang will be able to receive adult stem cell treatments for arthritis and orthopedic conditions based on technology exclusively licensed by NeoStem for Asia.

Shijiazhuang Third Hospital is located in Shijiazhuang, Hebei Province, approximately 170 miles south of Beijing. Shijiazhuang Third Hospital has 800 beds, 350 of which are dedicated to orthopedics. Shijiazhuang Third Hospital specializes in orthopedics with extensive experience in spinal, joint, and hand and foot surgeries.  It also boasts a highly regarded orthopedic trauma emergency room.

Dr. Wang Yun, President of Shijiazhuang Third Hospital, said, "Our agreement with NeoStem's affiliated entity allows us to offer our patients exciting technology from the U.S. to treat a range of orthopedic conditions."

“This is indeed an exciting milestone not only for Shijiazhuang Third Hospital but also for the citizens of the city. The collaboration with NeoStem demonstrates our commitment to introduce the latest advances in medical technology to the citizens of this city, and we look forward to expanding our collaboration with NeoStem for additional therapies for other medical conditions as part of our commitment to improve the quality and standard of healthcare in Shijiazhuang," said Vice Mayor Meizhi Zha
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SOURCE NeoStem, Inc.
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