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NEW YORK, Aug. 20, 2014 (GLOBE NEWSWIRE) --
NeoStem, Inc. (Nasdaq:NBS), a leader in the emerging cellular therapy industry, announced today that Dr. Hans Keirstead, President, NeoStem Oncology, will give a company presentation at the Swedish-American Life Science Summit 2014 in Stockholm where the conference's theme is 'The Future of Medicine.'
Dr. Keirstead will provide an overview of the Company's clinical development pipeline with an emphasis on NeoStem's Targeted Cancer Immunotherapy Program that focuses on developing patient-specific immunotherapies for the treatment of late stage cancers, including NeoStem's expected initiation later this year of a pivotal Phase 3 trial for NBS20, its lead product candidate.
About NeoStem, Inc.
NeoStem is a leader in the emerging cellular therapy industry, pursuing the preservation and enhancement of human health globally through the development of cell based therapeutics that prevent, treat or cure disease by repairing and replacing damaged or aged tissue, cells and organs and restoring their normal function. The business includes the development of novel proprietary cell therapy products as well as a revenue-generating contract development and manufacturing service business. This combination has created an organization with unique capabilities for cost effective in-house product development and immediate revenue and cash flow generation.
NeoStem expects to initiate a pivotal Phase 3 trial for NBS20, an autologous melanoma initiating (stem) cell immune based therapy intended to eliminate the tumor cells capable of causing disease recurrence. The goal of the therapy is to eliminate or neutralize the tumor cells that are responsible for recurrence after medically induced tumor regression after a patient has already had undergone other treatments which may have reduced tumor size, but failed to entirely eliminate the cancer. NBS20 has been the subject of compelling trial results for the treatment of metastatic melanoma. As a result, NBS20 has been approved to enter a Phase 3 clinical trial with Special Protocol Assessment (SPA) and received Fast Track designation for metastatic melanoma, as well as Orphan Drug designation.