Navigation Links
Cord Blood Banking CEO Concedes Kickbacks, Deception Common by 3 Top Cord Blood Banks
Date:7/9/2012

NEW YORK, July 9, 2012 /PRNewswire/ -- In a recent interview for Fox News, Martin Smithmyer, CEO of Americord Registry, one of the industry's leading cord blood banking companies, said, "Although [Americord] does not pay doctors for making referrals, this is a common practice among some of our competitors, including at least 3 of the top 6 cord blood banks."  The Obama administration, in January 2012, made it clear that under the new health care law it will require certain healthcare companies to disclose payments they make to doctors - sometimes amounting to hundreds of thousands or even millions of dollars - for research, consulting, speaking, travel and entertainment. The American Congress of Obstetricians and Gynecologists (ACOG), recommends doctors disclose such payments and arrangements to patients.

Furthermore, according to Smithmyer, cord blood has certain limitations that parents should know about before they decide to bank their child's cord blood, since the cost of cord blood banking is not an insignificant consideration when making this decision. "Although in this field the technology is always changing, the number of stem cells in one unit of cord blood today is only sufficient to treat a child up to about 10 years old," said Smithmyer. Americord Registry is developing a new technology that will collect up to 10 times more stem cells. This would be enough to use therapeutically for an adult. To learn more, read the full article from Fox contributor: 7 things you should know about cord blood banking.

About Americord Registry

Americord Registry is a pioneer in umbilical cord blood, cord tissue and placenta stem cell preservation. Americord collects, processes, and stores newborn stem cells for future medical and therapeutic use, including the treatment of more than 80 diseases such as leukemia.

Founded in 2008, Americord is registered with the Food and Drug Administration. The company's laboratory is accredited by the AABB and complies with all federal and state regulations, including federal CLIA laboratory standards. Americord is based in New York, NY. To learn more about Americord, visit cordadvantage.com.


'/>"/>
SOURCE Americord Registry
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. Cord Blood America Announces Agreement To Restructure Debt
2. Novel nanotherapeutic delivers clot-busting drugs directly to obstructed blood vessels
3. China Cord Blood Corporation Continues Share Repurchase Program
4. DNA Blood Test Detects Cancer Resistance Using Inostics BEAMing Technology
5. China Cord Blood Corporation Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2012
6. Beike Earns AABB Accreditation for Cord Blood and Cord Tissue Banking
7. Ariosa Diagnostics Announces Publication of Study on Influential Factors Affecting Fetal DNA Concentration in Blood of Pregnant Women
8. Cord Blood America Announces First Quarter Financial Results
9. Australian Discovered Biomarkers Map Path to New Blood Test for Bowel Cancer
10. JS Genetics announces launch of XCAT-KS, a bloodless, cheek swab test for the diagnosis of Klinefelter syndrome and other Male sex chromosome aneuploidies
11. Tiny channel cleanses blood
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2017)... ... May 23, 2017 , ... Customers often prefer ... again and again. METTLER TOLEDO has released two new videos that show how ... integration of the ACT350 into Siemens and Allen Bradley PLCs is easy and ...
(Date:5/21/2017)... ... May 20, 2017 , ... ... the lengthy trial and error process by finding the right antidepressant faster. ... strengthen the doctor-patient relationship through a personalized approach to treatment. , ...
(Date:5/18/2017)... ... May 16, 2017 , ... Clinical Supplies Management (“CSM”), a Great Point ... continues to grow. CSM has doubled in size over the past six months ... growth strategy. , Roger Gasper joins CSM as Chief Financial Officer. Roger has ...
(Date:5/18/2017)... ... May 17, 2017 , ... ... varying industries, including food and dairy, munitions, and pharmaceutical/biotech, recently introduced The Revolution ... ease of use. The improvement in technology comes on the heels of HOLLOWAY’s ...
Breaking Biology Technology:
(Date:3/29/2017)...  higi, the health IT company that operates the ... , today announced a Series B investment from ... The new investment and acquisition accelerates higi,s strategy to ... population health activities through the collection and workflow integration ... collects and secures data today on behalf of over ...
(Date:3/24/2017)... , Mar 24, 2017 Research and Markets ... System Market Analysis & Trends - Industry Forecast to 2025" ... ... grow at a CAGR of around 15.1% over the next decade ... industry report analyzes the market estimates and forecasts for all the ...
(Date:3/22/2017)... NEW YORK , March 21, 2017 /PRNewswire/ ... Customer Marketing Cloud used by retailers such as ... in its platform — Product Recommendations and Replenishment. Using ... to give more personalized product and replenishment recommendations ... purchases, but also on predictions of customer intent ...
Breaking Biology News(10 mins):