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Article: Phase III Medical Signs Definitive Agreement to Acquire NeoStem, Inc., an Adult Stem Cell Company.
- Article from:
- Business Wire
- Article date:
- December 7, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MELVILLE, N.Y. -- Phase III Medical, Inc. (Phase III) (OTCBB:PHSM), has signed a definitive agreement to acquire NeoStem, Inc., a company that specializes in the collection and storage of adult stem cells.
NeoStem operates a commercial autologous adult stem cell bank and is pioneering the pre-disease collection, processing and storage of adult stem cells for present and future medical treatment. (The adult stem cell industry is a field independent of embryonic stem cell research. "Autologous" refers to stem cell transfers where the donor and the recipient are the same.)
Phase III plans to develop this business into an international leader in the adult ...