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:2/11/2016)... ... 11, 2016 , ... Greenfield Insurance Group in Orange City, ... the people of their local community. The agency pledges to select a new ... hope is to bring awareness to important local causes with fundraising and other ...
(Date:2/11/2016)... , ... February 11, 2016 , ... ... practice Village Family Practice , will be presenting at the 2016 HIMSS ... Las Vegas, Nev. , During his session, “ Coding for Care: Using ...
(Date:2/11/2016)... ... 11, 2016 , ... The annual list showcases the 20 Most Promising SharePoint ... dedication and commitment to the SharePoint ecosystem. A panel of experts and members ... is to recognize and promote technology entrepreneurship. , The survey was made at ...
(Date:2/11/2016)... ... February 11, 2016 , ... ... the American Academy of Dermatology Annual Meeting at the Walter E. Washington Convention ... raise awareness for both the condition of hyperhidrosis (excessive sweating) and its treatment ...
(Date:2/11/2016)... ... February 11, 2016 , ... Food Labeling for American ... and wellness best practices in the past couple of decades, and food manufacturers ... Heart Month, which acts as an exceptional opportunity to revise food labels and ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... de fevereiro de 2016  A Proliant Biologicals ... de soroalbumina bovina (BSA -- Bovine Serum ... na Ilha Norte da Nova Zelândia, em Feilding. ... na fábrica da Proliant nos EUA, localizada em ... e instalação dos equipamentos foram feitos de forma ...
(Date:2/11/2016)... Transformational M&A achieved through NPS and Dyax acquisitions and the ... achieved through NPS and Dyax acquisitions and the announced combination ... through NPS and Dyax acquisitions and the announced combination with ... robust pipeline in Shire , s history   ... pipeline in Shire , s history   ...
(Date:2/11/2016)... , February 11, 2016 Breast Cancer ... the Asia-Pacific (APAC) breast cancer market ... $3.4 billion by 2021, at a Compound Annual Growth Rate ... Asia-Pacific Markets to 2021 - states that the ... considerable expansion from $1.9 billion in 2014 to $3.4 billion ...
Breaking Medicine Technology: