NeoStem to Present Stem Cell Technology at OneMedForum NY 2011

1 Mins read

NeoStem is focused on accelerating the development of proprietary cellular therapies and becoming a single source for collection, storage, manufacturing, therapeutic development and transportation of cells for cell based medicine and regenerative science globally. The company also has licensed various cellular therapy technologies, including worldwide exclusive licenses to a wound healing technology and to VSEL Technology which uses very small embryonic-like stem cells, which are adult stem cells that have been shown to have several physical characteristics that are generally found in embryonic stem cells. On January 19, 2011, the company acquired 100% of Progenitor Cell Therapy, a significant step in NeoStem’s goal to be a leader in the fast growing Stem Cell Industry, generating revenues and developing and licensing therapies to be used in the United States and abroad. The addition of PCT will allow NeoStem to focus on growing the cord blood and adult stem cell banking, cellular manufacturing and therapeutic business, as well as expanding their businesses in Asia and other countries, while continuing to develop out intellectual property and acquire new technology. The company expects that the over $2 million of funding expected over the next two to three years from the Department of Defense to accelerate development of stem cell technologies will be another significant catalyst to develop therapies that can be commercialized in the United States.

Related posts

Eco-Friendly Practice: How Hospitals Can Adapt To Protect The Planet

3 Mins read
Hospitals around the world are busier than ever before. Every health care facility requires a significant amount of energy to operate effectively….
Medical InnovationsSpecialtiesTechnology

Deciphering the Controversy of Adipose Derived Stem Cells in the Context of Healthcare

4 Mins read
As we enter a new era of medical advancements, several new techniques in medicine have been pioneered. You may have heard of…
Medical InnovationsTechnology

5 AI Hotspots In Medicine To Know About

3 Mins read
Medicine moves slowly — until it doesn’t. Sometimes, a technology like CRISPR comes along that changes the treatment landscape for dozens of…