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Monday, September 29, 2014

NeoStem, Inc. Secures Debt Facility

NeoStem, Inc. , a leader in the emerging cellular therapy industry, announced today that it has entered into a Loan and Security Agreement with Oxford Finance LLC pursuant to which Oxford has agreed to make a term loan to the Company in the principal amount of up to $20 million, and has made the initial disbursement of $15 million. The loan matures in September 2018 and the additional $5 million disbursement is available in the event of the Company's consummation of a partnering transaction around the Company's NBS10 development program for post acute myocardial infarction patients.

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