NeoStem Raises $11M

NYC-based NeoStem recently completed private placement financing totaling $11M from three Asia-based investors. The funds will be used to support the development of NeoStem’s VSEL technology and promote NeoStem’s expansion activities in China. NeoStem has entered into research and development through a license of technology to identify and isolate VSEL (very small embryonic-like) stem cells, which have been shown to have several physical characteristics that are generally found in embryonic stem cells. The company also manages a network of adult stem cell collection centers in the US.

Openings at Audubon for Start-Ups

The Audubon Business and Technology Center is currently looking for small start-ups or developing small firms in the business of bio-medical research or production of bio-medically related products. The Audubon Center is located at the Columbia University Medical Center and the lab spaces are built out in a variety of configurations with hoods and benches. Visit the NYC Bioscience site or call Carol Shuchman at 212-854-5991 for more details.

Deputy Mayor Addresses R&D Funding Workshop

On May 6th, NYCEDC hosted an exclusive one-day workshop covering all aspects of SBIR/STTR proposal preparation. NYC Deputy Mayor Bob Lieber presented opening remarks to over 100 attendees which included NYC bioscience companies and life science academic research faculty. Hosted at Columbia University, the workshop was led by Biotechnology Business Consultants.

NYC to Host Second Annual World Science Festival

The Science Festival Foundation once again selected NYC for its annual World Science Festival to be held June 10 - 14. The World Science Festival is an annual celebration of science that brings together great minds in science, business, government, and the arts. The inaugural World Science Festival in 2008 attracted over 120,000 people to its 44 events at 22 venues located throughout NYC. NYCEDC is a government partner for the event. Visit the Festival site for more details.

NYAC Partners with NYCEDC at BIO 2009

New York Academic Consortium (NYAC) is partnering with NYCEDC at BIO 2009 next week. NYAC is comprised of the licensing and business development offices of the seven largest biomedical institutions in NYC. NYAC offices work together to develop and share the best practices that have made NYC one of the leading sources of pharmaceutical and biotechnology products and innovation. Visit booth 3732 or contact Lenzie Harcum today to arrange a one-on-one meeting.