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NeoStem To Sell Stem Cell Program Through Agents

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NU Online News Service, July 22, 2003, 1:55 p.m. EDT – NeoStem Inc., Agoura Hills, Calif., says it wants to work with independent insurance agents to sell a program that customers can use to cover the cost of collecting, processing and storing healthy stem cells.

NeoStem, which is billing the program as “True Life Insurance,” says customers would pay an initial cell collection fee and an annual storage fee.

Stem cells are young cells that may have the ability to take on many different roles in the body.

Healthy customers who store their stem cells may be able to use the stem cells to treat serious illnesses, NeoStem organizers say.