ALLENDALE, N.J., Aug. 12, 2013 (GLOBE NEWSWIRE) -- NeoStem, Inc. (Nasdaq:NBS) ("the Company"), a leader in the emerging cellular therapy industry, and its subsidiary, Progenitor Cell Therapy, LLC ("PCT"), an internationally recognized contract development and manufacturing organization, announced today the addition of two new leaders to the PCT team-Robert ("Bob") Shaw as Vice President of Commercial Sales, and Brian Hampson, as Senior Director, Engineering and Innovation.
Mr. Shaw will be tasked with bolstering the Company's top line revenue growth through strategic transactions and additional business lines, as well growing the existing client base through enhanced technical sales and marketing initiatives.
Mr. Hampson will be heading up a new department at PCT, Engineering and Innovation, created as a formalization of PCT's ongoing engineering and process development programs. This department will accelerate PCT's efforts to address the important issues of scale up, automation, integration, and improved robustness within the regenerative medicine industry."It gives me great pleasure to bring these experts onto the PCT team," said Robert A. Preti, PhD, President and Chief Scientific Officer of PCT. "Bob brings a wealth of experience in cell therapy industry sales as well as a proven track record of meeting and exceeding business development goals, and Brian's expertise will help us refine and advance development, manufacturing processes and capabilities within our company." "We are proud of our 29% revenue growth in Q2 2013 over the same period in 2012 and look to continue this strong growth trend with the addition of Bob Shaw to our management team," said Robin L. Smith, MD, Chairman and CEO of NeoStem. "We are confident that PCT's position as an industry-leader will benefit significantly from the technical expertise, industry contacts and vast product development experience Brian will bring to bear." Over the last two decades Mr. Shaw has held several positions at EMD Millipore Corporation, a top tier supplier to the life science industry. Most recently, he held the position of Commercial Director – Stem Cell Initiative where he was responsible for strategic and technical leadership, including all aspects of product marketing, product development and commercial management. He previously held the position of Director of Strategic Marketing and World Wide Training Program Director for Vaccines and Emerging Biotech, where he had responsibility for management and development of vaccines and emerging biotech markets across the world, and the position of Program Director, Aseptic Processing, where he had global responsibility for a $300 million business. Mr. Shaw earned an M.B.A. from Loyola College, Maryland, and an M.S in Viral Immunology, University of Toronto. Mr. Shaw serves as a Board member of the Alliance for Regenerative Medicine, where he is also Co-Chair, Operations and Governance Committee. He was previously the Founder and Co-Chair, Process Development Committee for the Massachusetts Biotechnology Council, and has held positions on the Boards of the Westford Education Foundation and the Parenteral Drug Foundation, and serves on the Editorial Advisory Board of BioProcess International.