NeoStem gets worldwide licence to stem cell tech for skin therapies
Wednesday, 25 February 2009
NeoStem, Inc, which is pioneering the pre-disease collection, processing and long-term storage of adult stem cells for future medical need, has signed a license agreement to obtain the exclusive worldwide rights to innovative stem cell technology and applications for cosmetic facial and body procedures and skin rejuvenation.
The licensed technology, which includes an issued as well as pending patent application, was developed by Vincent C Giampapa, FACS, a Board-certified plastic reconstructive surgeon and assistant clinical professor of Plastic and Reconstructive Surgery at the University of Medicine and Dentistry of New Jersey. Dr Giampapa, one of the first certified anti-aging medical physicians in the world, is director of the Plastic Surgery Center International and The Giampapa Institute for Anti-Aging Medical Therapy.
"We are extremely pleased to sign this agreement with Dr Giampapa," said Robin Smith, CEO of NeoStem, "Acquisition of the exclusive worldwide rights to these innovative stem cell skin rejuvenation procedures enhances NeoStem's leadership in the anti-aging and regenerative medicine arena. This has long been one of our core pursuits. Our earliest stem cell collection center is focused on treatments for physical aging.
Recently, we agreed to acquire through a series of contractual arrangements, control over Shandong New Medicine Research Institute of Integrated Traditional and Western Medicine Limited Liability Company, a China limited liability company. Shandong is a leader in integrated traditional and western medicine in the People's Republic of China, and provides a multitude of treatments including cell regenerative therapies."
In January 2009, Dr Giampapa presented and demonstrated some of his skin rejuvenation techniques using autologous adult stem cells at the 2009 International Stem Cell Technology and Applications Summit in Qingdao, China. His demonstrations were televised by China Central Television (CCTV), attracting wide public interest as well as professional interest from the Summit's audience of leading stem cell practitioners.
Dr Smith noted, "The excitement these new treatments are generating in China open strong new potential for NeoStem in the field of age management. Just as we envision Shandong as creating a destination treatment site for people seeking new clinical advances not yet available in their own home countries, we believe our ability to make widely available our new proprietary regenerative therapies in the United States will attract many people from China and around the world seeking safe and effective treatment here."
NeoStem is developing a network of adult stem cell collection centers that are focused on enabling people to donate and store their own (autologous) stem cells when they are young and healthy for their personal use in times for future medical need.
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NeoStem, Inc, which is pioneering the pre-disease collection, processing and long-term storage of adult stem cells for future medical need, has signed a license agreement to obtain the exclusive worldwide rights to innovative stem cell technology and applications for cosmetic facial and body procedures and skin rejuvenation.
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Indian Biogenerics Firms Poised to Storm Western Markets
