Oct 10 2007, 9:01 AM EST
News source: Business Wire
NeoStem, Inc. (AMEX:NBS), a leading-edge biotechnology services company capitalizing on breakthroughs in the burgeoning field of adult stem cell therapeutics, has announced that the newest adult stem cell collection facility in its network has opened in Las Vegas, Nevada. The opening of the new Las Vegas center signals the latest successful milestone in the Company's business strategy to establish a nationwide network of specialized adult stem cell facilities.
The Las Vegas location offers a number of strategic advantages for NeoStem, including an extremely high level of potential customer traffic (for both U.S. and international travelers) and an exciting destination center for customers seeking a simple yet powerful way to protect their long-term health.
The new facility will provide NeoStem's proprietary procedures and technology to enable the collection of adult stem cells for one's own future therapeutic use in times of critical medical need. The cells collected are considered "autologous," as they are used by the donor exclusively for personal use to ensure biocompatibility.
"NeoStem continues to follow through on its high-growth business model focused on expanding its collection center network to major consumer centers around the globe," said Robin Smith, M.D., Chairman and Chief Executive Officer of NeoStem. "We're excited to announce the opening of the new facility and to extend our leadership in making this powerful medical technology available to the public as researchers develop breakthrough cures and therapies to many debilitating conditions. By continuing to execute on our business plan we're positioned to capitalize effectively and profitably on new developments in adult stem cell science."
Prospective clients for the new Las Vegas facility include anyone concerned with their long-term health, well-being or risk of radiation exposure. Currently, adult stem cells are at the core of hundreds of research studies at medical and academic institutions seeking to develop breakthrough therapies and cures for a broad range of humankind's most serious diseases, including diabetes, heart disease, multiple sclerosis, lymphoma and other cancers, and other conditions.
"I believe that both local residents, as well as tourists from around the world, will be inclined to bank their stem cells for their future personal use with the same enthusiasm as they would demonstrate at the gaming tables in a casino. However, the odds are far greater that you will eventually be a winner having your stem cells banked," remarked Dr. Ivan Goldsmith, the facility's Medical Director and well known Las Vegas physician.
"NeoStem is the only company making available adult stem cell collection and storage services to the medical community for an individual's own potential future use," said Dr. Robin Smith. "Physicians across the nation have expressed the strong desire to provide such services to their patients and we are in talks with several medical groups to expand our network."
About NeoStem, Inc.
NeoStem is a biotechnology services company enhancing the delivery of adult stem cell therapeutics to health-conscious consumers. The Company is developing a nationwide network of adult stem cell collection centers, enabling people to donate and store their own stem cells with NeoStem for personal use years or decades later in times of critical medical need. Although adult stem cell therapies are generally not standard of care, the Company believes medicine is on the threshold of a plethora of such new therapies.
The proprietary NeoStem technologies empower health-conscious consumers to help protect their future health by undergoing treatment with their own stem cells - providing an accessible supply of healthy, genetically matched stem cells for use in the ev
ADVERTISEMENT
INTERVIEW:
(BIO) BANKING IN LUXEMBOURG - Interview with Robert Hewitt, Ph.D., CEO, Integrated Biobank of Luxembourg, and European Editor, Biopreservation and Biobanking (published by Mary Ann Liebert, Inc.)
...MORE
NewsArticles Blogs| Most Viewed | Most Emailed | Top Searches |
|---|---|---|
| Unclog the Innovation Bottleneck at our Nation’s Universities | ||
| (Bio) Banking in Luxembourg | ||
ADVERTISEMENT
Subscribe to RSS
Email
Print
Share
More News
Listen
Save
Comment
View All