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CLBE-stem cell/rumor on microbank opening!PR anytime
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[QUOTE]Originally posted by QuestSolver: [QB] Solana hopes to break out of the swell of spas with what it bills as a unique service: stem cell collection. Although the research is largely unproven, adult stem cells are seen by some as offering potential for treating heart disease, Parkinson’s disease, diabetes, Alzheimer’s disease and spinal cord injuries. Solana has teamed with Irvine-based CalbaTech Inc. to collect stem cells at some of its spa locations. CalbaTech is a biotech company that’s part owner of Solana. Solana draws stem cells from the abdomen for $3,000. The service is being offered in La Quinta and Pasadena. It plans to roll out stem cell collection to its 18 California locations, said Chief Executive John Buckingham, who codeveloped a spa management program at the University of California, Irvine. Local investor John Garcia, who had his stem cells banked 10 years ago theold-fashioned way—they were painfully extracted from bone marrow—put Solana and CalbaTech together, Buckingham said. Garcia is founding principal of Tustin-based Angel Strategies LLC, which has invested in Solana. [b]Solana said it expects to have 38 spas open by the end of June and about 50 by the end of 2006.[/b] Solana MedSpas’ overall strategy includes continually evaluating new technologies and services that will exclusively deliver leading edge products and services to its client / owners. A stunning example is their recent agreement with LifeStem, Inc., to offer its Stem Cell MicroBank Service through select locations in the Solana MedSpas network, making Solana MedSpas the first medical spa network to offer an adult stem cell collection service. Recent research indicates that autologous (one’s own) adult stem cells hold the potential for treatment, cure and possible prevention of numerous afflictions such as heart disease, Parkinson’s Disease, diabetes, Alzheimer’s disease, and spinal cord injuries. LifeStem, Inc., headquartered in Irvine, Calif., is a wholly owned subsidiary of CalbaTech, Inc. (OTC Bulletin Board: CLBE), a publicly traded emerging life sciences company concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions. http://www.solanamedspas.com/home_B.htm [/QB][/QUOTE]
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