SOURCE: GlobalStem, Inc.

November 12, 2007 08:00 ET

GlobalStem Awarded Two NIH SBIR Grants

Awards Provide Boost to Product Pipeline

ROCKVILLE, MD--(Marketwire - November 12, 2007) - GlobalStem, Inc. is proud to announce it has been awarded two Phase 1 SBIR grants by the U.S. National Institutes of Health (NIH). The first grant titled, "Propagation and Characterization of 2 Mouse Embryonic Stem Cell Lines," will affiliate GlobalStem with a trans-NIH initiative called the Knockout Mouse Project (KOMP) and will make scientifically valuable mouse embryonic stem (ES) cell lines available for research. The second grant titled, "Engineering a non-selective microenvironment for human embryonic stem cells (hESC)," will allow GlobalStem to create genetically modified human feeder cells for the support of undifferentiated hESC.

Jonathan M. Auerbach, Ph.D., President of GlobalStem, Inc., commented, "We're very pleased with these two awards. NIH grants are extremely difficult to obtain and we believe the awards are proof of GlobalStem's credibility in the scientific community. Additionally, they provide necessary fuel for our product development pipeline. Innovation is a key to our long term success and we look forward to working with NIH and other federal agencies to provide the international stem cell community with products that allow our customers to conduct their research with greater speed, efficiency, and confidence."

GlobalStem, Inc. develops, manufactures, and distributes human and mouse stem cell research products and services worldwide. The company currently sells products in four categories: cells, media, sera, and supporting products and tools. In addition, GlobalStem offers cell characterization services, and custom solutions for organizations that require special manufacturing, cell banking, or product development. The company has a Federal Business unit aimed at securing grants and contracts related to stem cell applications. Additional information is available at www.globalstem.com.

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