National Stem Cell Holding Discovers Non-Embryonic Biomaterials that Promote Tissue Repair
MOUNTAINSIDE, N.J., Aug. 14 /PRNewswire-FirstCall/ -- National Stem Cell Holding, Inc. , today announced that Michael Cohen, CEO of the Company, and Jacob Cohen, have discovered biomaterial derived from non- embryonic stem cells, which appears to promote tissue repair in various wound care applications.
On July 26, 2007, the Company announced that while using its proprietary embryonic stem cell lines, Michael and Jacob Cohen discovered a group of biomaterials that in preclinical studies appear to increase the rate at which the tissue surrounding a wound heals, and ultimately, the strength of such newly formed tissue. Today, the Company reports that Michael and Jacob Cohen have also been able to derive such tissue repair promoting biomaterials from non-embryonic stem cells, such as umbilical cord blood cells.
The Company has filed provisional patent applications with the United States Patent and Trademark Office, which cover both the July 26, 2007 discovery and the discovery announced today.
According to Michael Cohen "By deriving these novel biomaterials from non- embryonic stem cells, such as umbilical cord blood, we believe we can avoid the costly and time consuming procedures that plague therapies developed from embryonic stem cells. This new discovery gives us the ability to cultivate tissue repair and wound healing products and commence clinical trials of such products in an expedited manner."
National Stem Cell Holding, Inc. is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. The Company is developing a pipeline of proprietary stem cell therapeutics, with a particular focus on finding a cure for diabetes. In addition to its work with stem cell therapeutics, the Company is working to leverage the commercial infrastructure and product development capabilities of its wholly-owned subsidiary, The Sperm Bank of NY. The Company's investigational products are focused on the improvement of the quality of life for patients and their families. National Stem Cell Holding, Inc. is headquartered in Mountainside, NJ.
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)" and similar expressions are intended to identify forward-looking statements, which include, but are not limited to statements regarding: the ability of the Company to perform clinical trials, the ability of the biomaterials to promote tissue repair and the variety of wound care applications. All of such forward-looking statements are not guarantees of future performance. They are based on management's current expectations and are subject to risks and uncertainties that are difficult to predict and generally beyond the control of the Company, and that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: the risk that the patent applications will not be granted, the risk that the analysis of future data will not warrant continuation of development; the risk that the FDA, the institutional review boards for the clinical sites or the investigators may not agree with the Company's assessment of the results and may not permit future trials; the risk that concerns may arise from additional analysis or data; and the risk that the Company may encounter other unexpected hurdles. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. National Stem Cell Holding, Inc. does not undertake any obligation to update or revise any forward-looking statements, to reflect changes to management's expectations, change in events, conditions or circumstances after the date hereof, or the occurrence of or non-occurrence of any events, new information or otherwise.
National Stem Cell Holding, Inc.CONTACT: Michael Cohen Chief Executive Officer of National Stem CellHolding, Inc., +1-212-792-6160, ir@nationalstemcell.com