Neostem Announces Agreement With Nankai Hospital In Tianjin To Offer Neostem's Licensed Orthopedic Technology

NeoStem NBS,  an international biopharmaceutical company with product and service revenues, global research and development capabilities and operations in three distinct business units – U.S. adult stem cells, China adult stem cells, and China pharmaceuticals – announced today that an affiliated entity has entered into an agreement with Tianjin Nankai Hospital in the People's Republic of China to offer NeoStem's licensed treatments for orthopedic applications. In December 2010, NeoStem announced an agreement with Shijiazhuang Third Hospital in Hebei Province. This new agreement with Tianjin Nankai Hospital adds another location where Chinese citizens can receive adult stem cell treatments for arthritis and orthopedic conditions based on technology exclusively licensed by NeoStem for Asia.