NeoStem, Inc. (NYSE Amex: NBS) ("NeoStem" or the "Company"), an international biopharmaceutical company with operations in the U.S. and China, announced the launch of the newest adult stem cell collection center in its network to open in Austin, TX on April 15, 2010. As announced on February 9, 2010, the Company expanded its collection network into the southwestern region of the U.S. with the addition of the physician group at Westlake Orthopaedics Spine & Sports ("Westlake") located at 5656 Bees Cave Road, k -200 Austin, Texas. NeoStem remains on track to have ten centers in its collection network by the end of 2010.
NeoStem's Chairman and CEO, Robin Smith, M.D., will participate in the launch of the new center by speaking about the adult stem cell collection process and discussing the potential benefits of early stem cell collection. "We look forward to a productive relationship with the entire Westlake team. As the first to provide adult stem cell banking services to the healthy general public in the U.S., NeoStem is committed to helping individuals pre- donate their healthy cells for personal therapeutic use," commented Dr. Smith. "We continue to pursue the development of applications of autologous (one's own) adult stem cells to help in regenerating and repairing damaged cells in the body. The use of autologous stem cells for applications such as wound healing and bone reconstruction removes concerns about immune rejection and is faster and safer than using alleogenic (someone else's) cells."
"We are excited about the grand opening of the stem cell collection center in Westlake and, together with NeoStem, look forward to educating our patients about adult stem collection banking and implications for orthopedic treatment," said Dr. Scott Spann, the founder of Westlake and one of the initial founders of Westlake Hospital. "We remain committed to providing the best patient care in orthopaedic, spine, and sports medicine care. The new stem cell collection center represents an important choice that our patients will now have in planning for a healthy future."