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NeoStem Appoints a Biopharmaceutical Business Leader and a Cellular Therapy Expert to its Board of Directors
Date:12/8/2011

NEW YORK, Dec. 8, 2011 /PRNewswire/ -- NeoStem, Inc. (NYSE Amex: NBS) ("NeoStem" or the "Company"), an international biopharmaceutical company with a focus on cell based therapeutics development, today announced two appointments to its Board of Directors. These appointments are Martyn D. Greenacre, an experienced business leader in the biopharmaceutical industry who formerly served on the board of Cephalon, Inc. and joins as an additional independent director, and Dr. Andrew L. Pecora, a leader in the field of cellular therapeutics, currently Chief Medical Officer of NeoStem, Chief Scientific Officer of Amorcyte, Inc., and the former Chairman and CEO of Progenitor Cell Therapy, LLC ("PCT").

Martyn D. Greenacre was Chairman of the Board of BMP Sunstone Corporation, which was acquired by sanofi-aventis in February 2011. Mr. Greenacre also served as a director of Cephalon Inc., a biopharmaceutical company that was acquired by Teva Pharmaceutical Industries in October 2011. He currently has the role of Chairman of the Board of Acusphere, Inc., a drug delivery company, and sits on the board of Curis, Inc., a biotechnology company. From 1997 to 2001, Mr. Greenacre served as Chief Executive Officer and director of Delsys Pharmaceutical Corporation, a formulation and drug delivery system company, where he helped raise more than $50 million in equity and partnership financing and formed three development partnerships with leading pharmaceutical companies. From 1993 to 1997, Mr. Greenacre served as President and Chief Executive Officer of Zynaxis Inc., a biopharmaceutical company, where he was responsible for a critical acquisition, divesting a non-performing business and negotiating a strategic merger. From 1989 to 1992, Mr. Greenacre was Chairman, Europe, SmithKline Beecham Pharmaceutical Company. He joined SmithKline & French in 1973, where he held positions of increasing re
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