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:8/21/2017)... (PRWEB) , ... August 21, 2017 , ... ... with events taking place all over the country. , Outdoor running increases exposure ... runners are at an increased risk of melanoma, and only half may be ...
(Date:8/21/2017)... CA (PRWEB) , ... August 21, 2017 , ... The ... how exactly are we supposed to get things done in a healthy way these ... And, they’re launching a crowdfunding campaign on August 28 to introduce Deskcise Pro™– the ...
(Date:8/21/2017)... ... ... The American Hospital Association (AHA) has elected Claire Zangerle, Chief Nurse Executive ... of Trustees for a three-year term beginning January 1, 2018. , The ... are committed to the improvement of health in their communities. Founded in 1898, the ...
(Date:8/21/2017)... CA (PRWEB) , ... August 21, 2017 , ... ... health services business of UnitedHealth Group (NYSE: UNH), has made a multi-million dollar ... responders affected by post-traumatic stress disorder (PTSD) and traumatic brain injuries (TBI) over ...
(Date:8/20/2017)... ... August 20, 2017 , ... A total solar eclipse will occur across the ... as the moon moves between the sun and Earth. This rare event will be magnificent ... can help keep you safe on the road during the total eclipse of the sun. ...
Breaking Medicine News(10 mins):
(Date:8/2/2017)... and BENTON, Ky. , Aug. 2, 2017   Marshall County ... its environmental services (ES) team to proactively reduce the risk of hospital-acquired infections (HAIs). The ... disinfection robot that uses UVC light energy to kill deadly pathogens such as C. ... Tru-D SmartUVC ... Tru-D in action in ...
(Date:8/2/2017)... a next-generation full-service pharmacy, has announced the launch of its ... Washington D.C. metropolitan area. CaryRx aims to ... through the convenience of its patient-friendly mobile app. Prescriptions can ... to any location in D.C. ... Washington D.C. ," says Areo Nazari , ...
(Date:7/31/2017)...  Diplomat Pharmacy, Inc. (NYSE: DPLO), has been named one ... by Crain,s Detroit Business . The annual ... three-year revenue growth. This year,s edition measures growth from 2013 ... the complete list, visit crainsdetroit.com/awards/fast_50/2017 .  ... said Phil Hagerman , CEO and chairman of Diplomat. ...
Breaking Medicine Technology: