NeoStem, Inc. Receives Licenses from New York State to Begin Operations

NEW YORK--(BUSINESS WIRE)--NeoStem, Inc. (OTCBB:NEOI), the first company to specialize in the collection, processing and storage of stem cells from healthy adult donors for personal use in times of critical medical need, has announced that the New York State Department of Health has issued two provisional licenses to allow the Company to begin commercializing its next generation stem cell collection services in New York.

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