Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): October 7,
2009
NEOSTEM,
INC.
(Exact
Name of Registrant as Specified in Charter)
Delaware
(State
or Other Jurisdiction of Incorporation)
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0-10909
(Commission
File
Number)
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22-2343568
(IRS
Employer Identification
No.)
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420 Lexington Avenue, Suite
450, New York, New York 10170
(Address
of Principal Executive Offices)(Zip Code)
(212)
584-4180
Registrant's
Telephone Number
Check
the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2.
below):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
7.01. Regulation FD Disclosure.
The
Company is furnishing herewith the powerpoint presentation included as Exhibit
99.1 hereto.
On
October 7, 2009, the United
States Securities and Exchange Commission (the “Commission”) declared effective
NeoStem, Inc.’s (“NeoStem”) Registration Statement on Form S-4 filed with the
Commission. The Registration Statement, including the joint proxy statement
contained therein, is being used in connection with NeoStem's acquisition by
merger (the “Merger”) of China Biopharmaceuticals Holdings, Inc. (“CBH”) into a
wholly-owned subsidiary of NeoStem. The acquisition is subject to customary
closing conditions, including approval by the shareholders of each company at
meetings of shareholders scheduled for October 29, 2009. The full text of
the press release appears as Exhibit 99.2 to this Form 8-K.
Additional
Information about the Merger and Where to Find It
NeoStem
recently filed a Proxy Statement/Registration Statement with the SEC with
respect to the shares of NeoStem Common Stock to be issued in connection with
the Merger. Investors and security holders are advised to read the
Proxy Statement/Registration Statement because it contains important information
about NeoStem, CBH, the proposed Merger and other related
matters. The final Proxy Statement/Registration Statement is being
sent to stockholders of NeoStem and CBH seeking their approval of the proposed
transaction. Investors and security holders may obtain the documents
free of charge at the SEC’s web site, http://www.sec.gov. The final documents
are also currently available at
www.vfnotice.com/chinabiopharmaceuticals_neostem/.
This
Current Report on Form 8-K may be deemed to be solicitation material in respect
of the proposed Merger. The directors and executive officers of each
of NeoStem and CBH may be deemed to be participants in the solicitation of
proxies from the holders of NeoStem Common Stock in respect of the proposed
transaction. Information about the directors and executive officers
of NeoStem is set forth in NeoStem’s Proxy Statement for its 2009 Annual Meeting
of Stockholders filed with the SEC on April 14, 2009 and in subsequent Forms
8-K. Investors may obtain additional information regarding the
interest of NeoStem and its directors and executive officers, and CBH and its
directors and executive officers in connection with the proposed Merger, by
reading the Proxy Statement/Registration Statement as filed with the
SEC.
THIS
COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO BUY ANY SECURITIES, NOR SHALL THERE BE ANY SALE OF SECURITIES IN ANY
JURISDICTIONS IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR
TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION. NO OFFERING OF SECURITIES SHALL BE MADE EXCEPT BY MEANS OF A
PROSPECTUS MEETING THE REQUIREMENTS OF SECTION 10 OF THE SECURITIES ACT OF 1933,
AS AMENDED.
Item
9.01. Financial Statements and Exhibits
Exhibits
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99.1 |
Powerpoint
Presentation dated October 14, 2009
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99.2
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Press
release issued by NeoStem, Inc. dated October 7,
2009
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SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, NeoStem has duly caused this Report to be
signed on its behalf by the undersigned hereunto duly authorized.
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NEOSTEM, INC. |
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By:
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/s/ Catherine
M. Vaczy |
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Name:
Catherine M. Vaczy |
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Title: Vice
President and General Counsel
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Date: October 13, 2009
Exhibit 99.2
NEW YORK,
Oct. 7 /PRNewswire-FirstCall/ -- NeoStem, Inc. (NYSE Amex: NBS), which is
pioneering the pre-disease collection, processing and long-term storage of adult
stem cells for future medical need, announced today that the United States
Securities and Exchange Commission has declared effective its Registration
Statement on Form S-4 filed with the Commission. The Registration Statement,
including the joint proxy statement, is being used in connection with NeoStem's
acquisition of China Biopharmaceuticals Holdings, Inc. (OTC Bulletin Board:
CHBP
- - News).
It is anticipated that this acquisition will expand the capabilities and
worldwide reach of NeoStem. China Biopharmaceutical's primary asset is a 51%
ownership interest in Suzhou Erye Pharmaceutical Co. Ltd. ("Erye"), located in
Suzhou, China which in 2008 generated gross revenues of approximately $50
million (US) and net income of approximately $8,000,000 (US). NeoStem's 51%
controlling interest in Erye will enable it to benefit from the over 100 drugs
on seven GMP lines, including small molecule drugs being manufactured by Erye.
Erye has been in business for more than 50 years and is respected for its
quality, service and reliability. Erye has begun its three year expansion and
relocation program which is anticipated to enhance revenues, profits, and
manufacturing capabilities in one of the fastest growing medical markets, the
Peoples Republic of China.
The
acquisition is subject to customary closing conditions, including approval by
the shareholders of each company at meetings of shareholders scheduled for
October 29, 2009. Robin Smith, MD, CEO of NeoStem further commented, "We are
excited to bring this transaction to our shareholders for a vote and, subject to
their approval, begin our collaboration with Suzhou Erye Pharmaceutical Co. Ltd.
as we believe it will open new markets, distribution channels and capabilities
for production of stem cell related products in the world's fastest growing
economy. We will work with existing Erye management to bring new technologies
and enhance their drug pipeline."
"Our
manufacturing facility relocation, which is being self funded by the net profits
from the joint venture until anticipated completion of the relocation in 2011,
will allow us to expand manufacturing of small molecule drugs and distribute
into China, realizing what could be a tremendous market potential," said Madame
Zhang, General Manager of Erye.
About
NeoStem, Inc.
NeoStem
is developing a network of adult stem cell collection centers that are focused
on enabling people to donate and store their own (autologous) stem cells when
they are young and healthy for their personal use in times of future medical
need. The Company has also entered into research and development through the
acquisition of a worldwide exclusive license to technology to identify and
isolate VSELs (very small embryonic-like stem cells), which have been shown to
have several physical characteristics that are generally found in embryonic stem
cells and is pursuing other technologies to advance its position in the field of
stem cell tissue regeneration. For more information, please visit: www.neostem.com.
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
reflect management's current expectations, as of the date of this press release,
and involve certain risks and uncertainties. The Company's actual results could
differ materially from those anticipated in these forward-looking statements as
a result of various factors. Factors that could cause future results to
materially differ from the recent results or those projected in forward-looking
statements include the "Risk Factors" described in the Company's Registration
Statement on Form S-4/A filed with the Commission on October 6, 2009 as well as
periodic filings made with the Securities and Exchange Commission. The Company's
further development is highly dependent on future medical and research
developments and market acceptance, which is outside its control.
Additional
Information about the Merger and Where to Find It
NeoStem
recently filed a Proxy Statement/Registration Statement with the SEC with
respect to the shares of NeoStem Common Stock to be issued in connection with
the Merger. Investors and security holders are advised to read the Proxy
Statement/Registration Statement because it contains important information about
NeoStem, China Biopharmaceuticals (CBH), the proposed Merger and other related
matters. The final Proxy Statement/Registration Statement will be sent to
stockholders of NeoStem seeking their approval of the proposed transaction.
Investors and security holders will be able to obtain the documents free of
charge at the SEC's web site, http://www.sec.gov.
Since such final documents are not currently available, NeoStem's stockholders
will receive information at an appropriate time as to how to obtain
transaction-related documents free of charge from NeoStem.
This
press release may be deemed to be solicitation material in respect of the
proposed Merger. The directors and executive officers of each of NeoStem and CBH
may be deemed to be participants in the solicitation of proxies from the holders
of NeoStem Common Stock in respect of the proposed transaction. Information
about the directors and executive officers of NeoStem is set forth in NeoStem's
Proxy Statement for its 2009 Annual Meeting of Stockholders filed with the SEC
on April 14, 2009 and in subsequent Forms 8-K. Investors may obtain additional
information regarding the interest of NeoStem and its directors and executive
officers, and CBH and its directors and executive officers in connection with
the proposed Merger, by reading the Proxy Statement/Registration Statement as
filed with the SEC.
CONTACT:
NeoStem,
Inc.
Robin
Smith, Chief Executive Officer
T:
212-584-4180
E:
rsmith@neostem.com