MELVILLE, N.Y.--(BUSINESS WIRE)--Dec. 7, 2005--Phase III Medical, Inc. (Phase III) (OTCBB:PHSM), has signed a definitive agreement to acquire NeoStem, Inc., a company that specializes in the collection and storage of adult stem cells. NeoStem operates a commercial autologous adult stem cell bank and is pioneering the pre-disease collection, processing and storage of adult stem cells for present and future medical treatment. (The adult stem cell industry is a field independent of embryonic stem cell research. “Autologous” refers to stem cell transfers where the donor and the recipient are the same.)
