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NeoStem expands adult stem cell collection network

NeoStem has signed a development agreement with Stem Collect, pursuant to which, the company has added Hall Center, a Santa Monica based medical practice to its network of adult stem cell collection centers. The new center is expected to open in August 2008.

Robin Smith, chairman and CEO of NeoStem, said: “Securing the Santa Monica site for a new collection center in our network is an important step for us as we open collection centers in major metropolitan areas to address the demand for cutting-edge healthcare options by these sophisticated populations.”