NEW YORK, Nov. 13, 2013 (GLOBE NEWSWIRE) -- NeoStem, Inc. (Nasdaq:NBS) ("NeoStem" or the "Company"), a leader in the emerging cellular therapy market, today announced it ranked number one for the second year in a row in the Tri-State region and number eleven nationally on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. NeoStem's revenues grew 17,053 percent during the period from 2008 to 2012.
Robin L. Smith, MD, MBA, Chairman and Chief Executive Officer of NeoStem, said, "We are proud to be recognized two years in a row for executing on an acquisition strategy that includes building synergistic companies well-positioned to grow in the exciting and emerging field of cell therapy. We are grateful to the Deloitte Technology Fast 500 for this recognition and look forward to continuing to distinguish NeoStem within the cellular therapy field and grow our contract and manufacturing business."
"The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. "This year's list is a who's who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.""The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront," added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. "The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year."