NEW YORK, Aug. 15, 2012 (GLOBE NEWSWIRE) -- Amorcyte, a company    of NeoStem, Inc. (NYSE MKT:NBS) ("NeoStem" or the "Company"), a    rapidly emerging market leader in the fast growing cell therapy    market, today announced that it received on August 9, 2012    approval to continue its PreSERVE AMI Phase 2 clinical trial    following its first interim data and safety review by the Data    Safety Monitoring Board (DSMB). The PreSERVE trial is a Phase    2, randomized, placebo controlled, double-blind study expected    to include 160 patients at more than 40 clinical sites. The    trial's product candidate, AMR-001, is designed to prevent    major adverse cardiac events following acute myocardial    infarction (AMI). Patient enrollment for the PreSERVE trial    began in January 2012 and the Company anticipates completing    enrollment in 2013 with six months initial data readout near    the end of 2013.  
    "We are pleased that, similar to our Phase 1 trial, the first    external review of our Phase 2 trial data confirms that there    are no safety signals that would preclude the trial from    continuing as planned," said Andrew L. Pecora, M.D. FACP CPE,    Chief Medical Officer of NeoStem. "The PreSERVE AMI study to    date indicates that multiple National Study sites are capable    of acquiring the necessary volume of bone marrow to create the    AMR-001 product five to seven days after an AMI in a safe and    practical manner, and once created the product can be delivered    and administered without a safety signal."  
    NeoStem management believes that cell therapy is a disruptive    technology in the $50 billion worldwide regenerative medicine    market. Many key opinion leaders in the scientific, medical and    investment communities consider AMR-001 to be best in class.    Peak annual worldwide sales of AMR-001 for this indication    could exceed $1 billion based upon a conservative market    penetration of its qualified target patient population. AMR-001    is protected by two issued and multiple pending U.S. patents    with corresponding patent coverage in selected markets around    the world. The Amorcyte AMR-001 product development program    also extends to congestive heart failure (CHF). The Company is    preparing to launch its CHF Phase 1 clinical trials in early    2013. The worldwide CHF patient population is estimated to be    four times larger than that of AMI.  
    About NeoStem, Inc.  
    NeoStem, Inc. ("we," "NeoStem" or the "Company") continues to    develop and build on its core capabilities in cell therapy to    capitalize on the paradigm shift that we see occurring in    medicine. In particular, we anticipate that cell therapy will    have a large role in the fight against chronic disease and in    lessening the economic burden that these diseases pose to    modern society. Our January 2011 acquisition of Progenitor Cell    Therapy, LLC ("PCT") provides NeoStem with a foundation in both    manufacturing and regulatory affairs expertise. We believe this    expertise, coupled with our existing research capabilities and    collaborations, will allow us to achieve our mission of    becoming a premier cell therapy company. Our PCT subsidiary's    manufacturing base is one of the few current Good Manufacturing    Practices ("cGMP") facilities available for contracting in the    burgeoning cell therapy industry. Amorcyte, LLC ("Amorcyte"),    which we acquired in October 2011, is developing a cell therapy    for the treatment of cardiovascular disease. Amorcyte's lead    compound, AMR-001, represents NeoStem's most clinically    advanced therapeutic and Amorcyte is enrolling patients for a    Phase 2 trial to investigate AMR-001's efficacy in preserving    heart function after a heart attack. We also expect to begin a    Phase 1 clinical trial in 2013 to investigate AMR-001's utility    in arresting the progression of congestive heart failure and    the associated comorbidities of that disease. Athelos    Corporation ("Athelos"), which is approximately 80%-owned by    our subsidiary, PCT, is engaged in collaboration with    Becton-Dickinson that is exploring the earlier stage clinical    development of a T-cell therapy for autoimmune conditions. In    addition, our pre-clinical assets include our VSELTM    Technology platform as well as our MSC (mesenchymal stem cells)    product candidate for regenerative medicine.  
    For more information on NeoStem, please visit     http://www.neostem.com.  
    Forward-Looking Statements for NeoStem, Inc.  
    This press release contains forward-looking statements within    the meaning of the Private Securities Litigation Reform Act of    1995. Forward-looking statements reflect management's current    expectations, as of the date of this press release, and involve    certain risks and uncertainties. Forward-looking statements    include statements herein with respect to the successful    execution of the Company's business strategy, including with    respect to the Company's or its partners' successful    development of AMR-001 and other cell therapeutics, the size of    the market for such products, its competitive position in such    markets, the Company's ability to successfully penetrate such    markets and the market for its CDMO business, and the efficacy    of protection from its patent portfolio, as well as the future    of the cell therapeutics industry in general, including the    rate at which such industry may grow. Forward-looking    statements also include statements with respect to satisfying    all conditions to closing the disposition of Erye, including    receipt of all necessary regulatory approvals in the PRC. The    Company's actual results could differ materially from those    anticipated in these forward-looking statements as a result of    various factors, including but not limited to (i) the Company's    ability to manage its business despite operating losses and    cash outflows, (ii) its ability to obtain sufficient capital or    strategic business arrangement to fund its operations,    including the clinical trials for AMR-001, (iii) successful    results of the Company's clinical trials of AMR-001 and other    cellular therapeutic products that may be pursued, (iv) demand    for and market acceptance of AMR-001 or other cell therapies if    clinical trials are successful and the Company is permitted to    market such products, (v) establishment of a large global    market for cellular-based products, (vi) the impact of    competitive products and pricing, (vii) the impact of future    scientific and medical developments, (viii) the Company's    ability to obtain appropriate governmental licenses and    approvals and, in general, future actions of regulatory bodies,    including the FDA and foreign counterparts, (ix) reimbursement    and rebate policies of government agencies and private payers,    (x) the Company's ability to protect its intellectual property;    (xi) the company's ability to successfully divest its interest    in Erye, and (xii) matters described under the "Risk Factors"    in the Company's Annual Report on Form 10-K filed with the    Securities and Exchange Commission on March 20, 2012 and in the    Company's other periodic filings with the Securities and    Exchange Commission, all of which are available on its website.    The Company does not undertake to update its forward-looking    statements. The Company's further development is highly    dependent on future medical and research developments and    market acceptance, which is outside its control.  
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NeoStem Reports Data Safety Monitoring Board Recommends Continuation of PreSERVE AMI Phase 2 Trial