Navigation Links
India's First Stem Cell Transplant Center Launched in Chennai

LifeCell, a pioneer in stem cell banking and research in India, in collaboration with the US-based Cryo-Cell Inc Wednesday announced// here the launch of the country's first stem cell transplant center at Chennai.

Stem cells, obtained from cord blood cells during the childbirth, has the potential to cure over 75 diseases that humans face today as they can be used to repair specific tissues, according to researchers.

The company has invested $4 million to set up the transplant center at the Sri Ramachandra Medical Center of Excellence, which will be fully operational by the end of this year.

"In India the concept of preserving the stem cell is gradually gaining momentum and the potential for this is huge," said Prasad Mangipudi, vice president (marketing) of LifeCell.

The Rs.70 million company is targeting a turnover of Rs.250-300 million for 2005-06.

"We will be investing Rs.500-600 million in expansion through promoter funding but we are also open to private equity funding," Mangipudi added.

"We plan to open collection centers soon in Dubai, Kuala Lumpur, Singapore. Our Dubai center will also have its own collection bank and the Malaysian center is going to be our ASEAN (Association of South East Asian Nations) hub."

LifeCell currently has 18 stem cell collection centers across the country and by March 2009 it plans to increase the number to 31. The centers have so far collected 3,600 samples of stem cells.

"Stem cells have the potential to cure diseases like Alzheimer's, diabetes, heart attack, Parkinson's and many other ailments that can cost human life," Cryo-Cell chief scientific officer Anthony Finch told IANS.

"Indians are gradually learning about its need and potential. However, a proper education on the benefits of stem cell is needed and a proper regulation of the same is very crucial, otherwise the entire concept can be corrupted," Finch emphasise d.

LifeCell's cord blood stem cell banking facility at Keelakotaiyur in Tamil Nadu has been set up at a cost of Rs.140 million.

Source-IANS
'"/>




Related medicine news :

1. Indias anti-AIDS drug market engaged in price war
2. SARS: Indias drugs in demand
3. Indias Hospitals Among The Best, Says Renuka Chowdhury
4. Indias vaccination project gets a boost
5. WHO Commends Indias Bird Flu Response
6. Minister Of State For Industry Urges Corporate Sectors To Help Indias Disabled Population
7. Indias Economic Boom Pack To Waste Children Life
8. Indias Northeast Students to Get Satellite-based Education Soon
9. Norway Grants $80 mn to Indias Health Mission
10. Pakistani Child is Indias Youngest Liver Transplant Recipient
11. Avian flu-free Status to Boost Indias Poultry Exports
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:12/5/2016)... ... , ... “Epilepsy Awareness,” which can be found at the ... about epilepsy, bearing down on the social stigma and lack of public education ... within their lifetime. With such a large percentage of people affected, it’s critically ...
(Date:12/5/2016)... ... December 05, 2016 , ... Physicians Education Resource®, LLC (PER®) ... on Hematologic Malignancies®: Focus on Leukemias, Lymphomas, and Myeloma, on February 24, 2017. ... to have Amy E. Herman present at this year’s conference, her unprecedented knowledge ...
(Date:12/5/2016)... (PRWEB) , ... December 05, 2016 , ... ... gender, and geographic lines. The goal of Castlewood Treatment Centers has always been ... accessible to as many people as possible. In that spirit, Castlewood has ...
(Date:12/5/2016)... ... December 05, 2016 , ... Dr. Barry M. Weintraub, one of New York ... participated in the 36th Annual Cutting Edge Aesthetic Symposium at the Waldorf Astoria in ... that perfect, yet natural-looking, nose. Dr. Weintraub, who is world-renowned for his expertise in ...
(Date:12/5/2016)... ... 2016 , ... Sideline Products is a Southern York County Pennsylvania-based premier designer ... and the horse. Smaller saddles can pinch and irritate the horse creating safety issues ... properly fitted western saddle so it does not impact the comfort or performance of ...
Breaking Medicine News(10 mins):
(Date:12/5/2016)... BOCA RATON, Fla. , Dec. 5, ... Commercialization of Public Research (the Florida Institute) ... agreement SegAna, LLC, an Orlando ... Central Florida. The Florida Institute supports new company ... funding gaps for companies spinning out of Florida-based universities ...
(Date:12/5/2016)... Dec. 5, 2016  Breckenridge Pharmaceutical, Inc. announced ... marketing agreement with development and manufacturing partner Gland ... the terms of this agreement, Breckenridge will market ... the United States . The ... ANDA. The products cover a wide range of ...
(Date:12/5/2016)... 2016  Sharn Anesthesia Inc. announced today that it ... partner for Salter Labs.  The company also received the ... of outstanding sales performance. Salter Labs is ... care, including the market gold standard ECO 2 ... of the Parker Flex-Tip® Endotracheal Tube, which is a ...
Breaking Medicine Technology: