NEW YORK, April 3, 2014 (GLOBE NEWSWIRE) -- NeoStem, Inc. (Nasdaq:NBS) ("NeoStem" or the "Company"), a leader in the emerging cellular therapy industry, announced today the appointment of Dr. Adel Nada as Vice President, Immunotherapy. In this position, Dr. Nada will be responsible for developing the Company's T Regulatory Cell Program, which is investigating the use of T Regulatory Cells ("Tregs") to treat diseases caused by imbalances in the immune system. The Company plans to initiate a Phase 2 study of Treg based therapeutics to treat type 1 diabetes in the third quarter of 2014, as well as a Phase 1 study in Canada of Treg based therapeutics in support of a steroid resistant asthma indication in 2014.
"We are very pleased that Dr. Nada has joined us, adding his expertise in immunology and clinical development to the growing NeoStem team," said Dr. Douglas Losordo, Chief Medical Officer of NeoStem. "Dr. Nada's experience strengthens our clinical programs at an important time as we launch new initiatives in diabetes and asthma."
Dr. Nada comes to NeoStem from Baxter Healthcare, where from 2012 to 2014 he was Senior Medical Director, Cardiovascular Cellular Therapies. Prior to joining Baxter, Dr. Nada worked at Abbott Laboratories from 2007-2012 where he was most recently responsible for the Clinical Pharmacology Medical Department. In this capacity, he led the cross functional group that provided instrumental strategic support for early clinical development across the entire company's pipeline. Working across different therapeutic areas, most notably antivirals, oncology, and immunology, he also led the clinical team developing a novel compound for rheumatoid arthritis."I am excited to join NeoStem's clinical development team at this key time as the company is planning to initiate two clinical trials for its T Regulatory Cell Program," said Dr. Nada. "I am pleased to bring my broad clinical development expertise to the program to help develop and execute upon the Company's vision for Treg therapies."