The award will support an investigation of a unique stem cell population, Very Small Embryonic-Like stem cells, for its bone building and regenerative effects in the treatment of osteoporosis.
business, contract, department of defense, finance, market, neostem, news, price, share, stock
NeoStem (AMEX:NBS) announced that the Department of Defense has awarded NeoStem $1.78M to be applied towards funding the company's VSEL Technology.
Neostem plans to sell 13.75 million security units at $1.20 per unit. Each unit will consist of one common share and a warrant to buy 0.75 of a common share at $1.45.
Neostem is looking to gross $16.5 million from the transaction, which should close around July 22.
Neostem has a potential upside of 281% based on a current price of $1.05 and an average consensus analyst price target of $4.
It serves the cell therapy community with cGMP state-of-the art cell therapy manufacturing facilities, and processing and storage facilities for stem cells collected from the umbilical cord at birth. NBS expects that Progenitor Ce
Neostem (NBS) announced today that it has concluded its merger transactionn with Progenitor Cell Therapy, a private cell therapy company operating in the east and west coast of the U.S.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...