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Firm banks on stem cells

It’s being pitched as a forward thinking approach to curing cancers and other diseases.

But the price tag is high, it’s not covered by insurance, and there’s no guarantee it’ll work in the long run.

A New York biotechnology company, NeoStem, is the first firm in the Las Vegas Valley to provide a way for people to deposit and preserve some of their adult stem cells for future use.

“It’s a concept that if proven viable will provide people with some alternative therapies,” Michael Harter, vice president of administration at Touro University-Nevada, said about the storage of stem cells for future medical treatment. “There are lots of anecdotal cases showing significant improvements as a result of using adult stem cells to treat diseases.” Read full story:

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