MOUNTAINSIDE, N.J., May 28 /PRNewswire-FirstCall/ -- National Stem Cell Holding, Inc. (OTC: NHGI - News) today announced that it is taking steps to change its name to Proteonomix, Inc. The change will also entail a change in its trading symbol.
Michael Cohen, President/CEO, stated: "Our new name reflects the fact that we are emerging out of our research and development stage and commencing the commercialization of our technologies. These technologies relate in great part to the identification of proteins, and their structure and functions within the emerging biotherapeutics field."
Further, the Company intends to begin marketing its current portfolio biomarkers to research laboratories globally.
National Stem Cell Holding, Inc. is focused on developing therapeutics based upon the use of human cells and their derivatives by developing proprietary stem cell therapeutics with particular focus on diabetes and cardiac diseases. Stem Cell Therapy involves the introduction of healthy new stem cells to repair and replace damaged or lost cells and promises treatment of diseases previously regarded as incurable.
In addition to its work with stem cell therapeutics, it is also developing the capabilities of its wholly-owned subsidiaries: the Sperm Bank of NY (tissue bank) and in vitro fertilization (IVF) laboratory and National Stem Cell Blood Laboratories Inc. (cord blood bank) and its affiliate, ProteoDerm (anti-aging cosmetics derived from stem cells).
About National Stem Cell Holding, Inc.
National Stem Cell Holding, Inc. is a hybrid biotechnology company
focused on developing therapeutics based upon the use of human stem cells
|SOURCE National Stem Cell Holding, Inc.|
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