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Henry McCusker
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Editor and Publisher ... Henry enters his twelve (12) year at RegMed Investors which aggregates, curates and creates bottom-line content of regenerative medicine and cell therapy news providing a "vetted" selection of relevant and high-impact synthesis. He was VP - Strategic Planning... More
My company:
Scimitar Equity-Regenerative Medicine Investors
My blog:
Scimitar Equity Blog
  • NeoStem's (NYSE MKT: NBS) Subsidiary, PCT Development Agreement 0 comments
    Apr 29, 2013 9:30 AM

    Enters Into a services agreement with Sentien Biotechnologies

    NeoStem, Inc. (NYSE MKT:NBS) and its subsidiary, Progenitor Cell Therapy (PCT), announced today the execution of a Services Agreement with Sentien Biotechnologies, Inc. ("Sentien") under which PCT will provide services to support Sentien's development of its cell therapy product, including technology transfer, staff training, and manufacturing.

    The Bottom Line: NBS' PCT expertise in GMP manufacture for cell therapies, including dendritic cells, stem cells and T cells is being … more recognized.

    NBS closed at $0.64 on 4/26/13 - expect a few cents upward movement but a volatile market could impede this price progression

    Sentien is developing an allogeneic cell therapy product consisting of bone marrow derived mesenchymal stem cells seeded onto a medical device for critical care indications. Sentien has engaged PCT for manufacture of the final formulation of its cell therapy product and intends to transfer and implement Sentien's master cell bank, product working cell bank and product manufacturing processes to PCT. These cell banks will be prepared according to Good Manufacturing Practices ("GMP") guidelines and implemented by PCT to create a cell therapy product for Sentien's Investigational New Drug ("IND") submission to the FDA. Upon obtaining an IND, Sentien intends to have PCT manufacture GMP compliant grade materials to support Sentien's PI clinical trial.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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