Provided is the use of a therapeutically effective amount of placental stem cells in the manufacture of a composition for use in treating an individual having a disease, disorder or condition of the lung, wherein the therapeutically effective amount is an amount sufficient to cause a detectable improvement in one or more symptoms of said disease, disorder or condition; and wherein said disease, disorder or condition of the lung is interstitial pulmonary fibrosis, pulmonary sarcoidosis, asthma, bronchitis, acute respiratory distress syndrome, or chronic obstructive pulmonary disease.