NeoStem Announces $5 Million in New Funding

NeoStem raised $5 million in a private placement with new investors. The offering placed 2.3 million units, each priced at $2.15, consisting of one common share and a warrant to buy an additional 0.25 share at $2.75 in the next two years. If exercised, the warrants would bring in another $1.6 million to the company. More details... Stock Symbol: (NYSE Amex: NBS)