Navigation Links
Worlds Largest Cord Blood Bank to be started in India

South Korean Biotech Company, Histostem, will invest $20 million to establish the world’s largest umbilical cord blood bank in Mumbai, India, to provide stem cells for transplant surgeons globally. The Indian government will // receive a 10% equity stake in this venture and two seats on the board of directors to ensure that government guidelines are followed, Said company president Mike Shen, who signed the agreement. To bank the cord blood tissues that are traditionally thrown away as waste the donor’s family must give informed consent and pay a one time fee of about $280. In return the bank will provide stem cells free to the family when needed. Potential customers are families with inherited blood disorders like Thalassemia. Histostem claims the cord blood is also marketable as a stem cell product to those researching the possible applications of stem cells for spinal cord injuries and diabetes. Histostem has agreed to sell the stem cells only to government registered stem cell transplant centers, which all operate under the watchful eye of an ethical review board. Together with the Hyderabad based Apollo Hospitals Group. Histostem plans to establish canters in India. Shen said usage is currently limited to research and treatment, but might be expanded to other application “based on further need.” Donors do not get a commission on the company’s sales. Histostem chose India as the launch pad for its global operations because it” has the largest birth count in the world,” and its one billion plus population is genetically diverse enough to match the genetic characteristics of people worldwide. The bank plans to collect 400,000 units of umbilical cord blood in three years. By creating similar banks in Mexico, Australia and Europe, and linking them, Histostem expects to offer Histocompatibility Leucocyte Antigen –HLA matched stem cells for every patient around the world.

(Source: Nature Biotechnlogy)

Page: 1

Related medicine news :

1. Benefits Of The Worlds Most Widely Used Beverage
2. Australian Surgeons Successfully Conduct Worlds First Triple Organ Transplant
3. Worlds first mobile light surgery
4. India Has The Oldest And Largest Collection Of Preserved Mosquitoes – Mosquito Museu
5. Heart Related Problems-The Largest Killers In Andhra Pradesh
6. Children’s Center to Lead Largest-Ever Study on Kidney Disease in Childre
7. Scientists Review Loeys-Dietz Syndrome in the Largest Ever Study to date
8. Missed Vaccination Caused Largest Measles Outbreak in U.S in 2005
9. Largest Ever African HIV Vaccine Trial Opens in South Africa
10. Primary Health Care Parishioners of Second Largest HIV Infected Area in US Fail to Offer HIV Tests
11. Recommendations for Treatment of Blood Pressue
Post Your Comments:

(Date:11/25/2015)... ... November 25, 2015 , ... Medical Solutions, ... again for its stellar workplace culture with the company’s Cincinnati office being named ... Solutions’ Cincinnati office was named a finalist in Cincinnati Business Courier’s 13th annual ...
(Date:11/25/2015)... Friendswood, TX (PRWEB) , ... November 25, 2015 , ... ... through the companies’ “ Two Organizations, One Beat ” campaign. The partnership between the ... its services to aid in MAP International’s cause. , MAP International was founded in ...
(Date:11/25/2015)... Boca Raton, Florida (PRWEB) , ... November 25, ... ... on-site diagnostic testing for physicians and athletic programs, launches new Wimbledon Athletics ... the importance of testing young athletes for unsuspected cardiac abnormalities. About 2,000 people ...
(Date:11/25/2015)... ... November 25, 2015 , ... Beddit® has launched a new Android ... The new app features a more intuitive SleepScore™ that rates sleep quality on a ... The SleepScore is created by a proprietary algorithm. Beddit analyzes the data to provide ...
(Date:11/25/2015)... LOUIS, Missouri (PRWEB) , ... November 25, 2015 ... ... Project HEAL, will provide scholarships for people struggling with eating disorders as a ... Proceeds from the second annual event, held at Fox Run Golf Club in ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... ) has ... Future Horizons and Growth Strategies in the ... Shares, Country Segment Forecasts, Competitive Intelligence, Emerging ... --> ) has announced the ... and Growth Strategies in the German Drugs ...
(Date:11/26/2015)... Nov. 26, 2015 Research and Markets ( ... "Advanced Wound Care Market by Type (Dressings, Therapy Devices, ... (In-Patient Facility, Out-Patient Facility), and Geography - Global Forecast ... --> --> The purpose ... and forecast of the global advanced wound care market. ...
(Date:11/26/2015)... , November 26, 2015 ... --> adds "Global Repaglinide ... "Investigation Report on China Repaglinide Market, ... forecasts data and information to its ... . --> ...
Breaking Medicine Technology: