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CLBE-CALBATECH INC bio-tech
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[QUOTE]Originally posted by QuestSolver: [QB] About LifeStem LifeStem, a wholly owned subsidiary of CalbaTech, is positioning itself to become a [b]leading supplier of "Cellular Logistics.[/b]" The Company's focus is to provide services and technologies [b]to facilitate the efficient acquisition and delivery of adult stem cells,[/b] development of stem cell delivery devices for clinical applications and clinical applications of specific stem cell based therapies. The Company has [b]filed a patent application for an endoscopic stem cell delivery device and is finalizing plans to launch a novel stem cell collection service. [/b] CalbaTech, Inc. (OTC Bulletin Board: CLBE), an emerging life sciences company (http://www.CalbaTech.com) concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions, announced today that its wholly owned subsidiary, [b]LifeStem, Inc., is close to completion of its plans to offer a stem cell collection and storage service in selected markets.[/b] [b]The stem cell market has developed sufficiently to a point that now offers vast opportunities. Potential consumers are becoming more knowledgeable about the possible benefits of stem cells and are more ready than ever to embrace new stem cell related services.[/b] [b]"LifeStem has researched this market and believes that it has developed a novel approach to serve this rapidly growing market. We are anticipating launching our collection service no later than the first quarter of 2006,[/b] and [b]possibly as soon as the fourth quarter of this year,[/b]" said Dan Fulkerson, President of LifeStem Inc. LifeStem continues to maintain a focus on developing a novel approach to providing quality stem cells to researchers in California and believes that both its services will work in tandem. Future details will be provided after LifeStem completes patent and trademark protection. LifeStem is solely concentrating its efforts on autologous adult stem cells. Stem cells are the body's "master" cells that have the ability to grow into new healthy tissue. As a result, stem cells may have the potential to cure diabetes, heart disease, Alzheimer's disease, spinal cord injuries and many other medical conditions. [b]Adult stem cells have shown great promise as a regenerative therapy and are free of the issues that complicate the use of embryonic stem cells.[/b] [/QB][/QUOTE]
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