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:
*Name:
*Comment:
*Email:


(Date:1/23/2017)... ... January 23, 2017 , ... ... in partnership with the American Society of Anesthesiologists® (ASA®), the Foundation for ... American Academy of Orthopaedic Surgeons (AAOS) and the Cigna Foundation, encourages proposals ...
(Date:1/23/2017)... ... January 23, 2017 , ... The ... at seafoodnutrition.org/programs and seafoodnutrition.org/resources to assist in teaching communities and individuals about ... been developed for use by nutrition educators and influencers within the public ...
(Date:1/22/2017)... ... 22, 2017 , ... Phytocéane invites clients to take an exotic journey deep ... with ZANZIBAR MILKY CREAM. Inspired by the beauty of Zanzibar, a Tanzanian archipelago off ... moisturizing vegetal coral to create this gentle, velvety body cream to envelop the skin ...
(Date:1/21/2017)... , ... January 21, 2017 , ... Caronlab Australia, an ... the January ECRM Trade Show in Hilton Head, SC, where it benefited from outstanding ... the quality of its beauty and wellness products. At this trade show, the company ...
(Date:1/21/2017)... ... 21, 2017 , ... Phytocéane invites you to take an exotic ... the world with ZANZIBAR SHOWER GEL. Inspired by the beauty of Zanzibar, a Tanzanian ... and moisturizing vegetal coral to create this gentle, crystal-clear shower gel to cleanse the ...
Breaking Medicine News(10 mins):
(Date:1/23/2017)... Januar 2017  ResMed (NYSE: RMD ), ... Medical ( Winter Haven, Florida ) gaben ... die Beilegung aller globalen Rechtsstreitigkeiten zwischen den Parteien geeinigt ... ihrer bestehenden Produkte im Tausch gegen Lizenzgebühren an ResMed ... leisten, um das in Florida ...
(Date:1/23/2017)... Just two weeks remain until legal experts and senior industry ... Central London to discuss the flow of pharmaceutical products ... Parallel Trade 2017 . In the run up to ... is available to read in the event download centre . ... Some of those confirmed include: ...
(Date:1/21/2017)... PUNE, India , January 20, 2017 ... by Type (Descriptive, Prescriptive), Application (Marketing, R&D, Compliance, SCM), Component (Software, ... CRO) - Forecasts to 2021" published by MarketsandMarkets, the market is ... Billion in 2016, at a CAGR of 13.3% during the forecast ... ...
Breaking Medicine Technology: