LifeCell launches Community Stem Cell Banking
INDIA’S first and the largest stem cell provider, LifeCell, a pioneer in stem cell research announced the launch of Baby Cord Share, community stem cell banking to address the need for creating a large inventory of stem cells in the country. BabyCord Share brings together the unique benefits of private and public banks, while effectively addressing the challenges of sourcing matching stem cells in India. It is a first of its kind global initiative of LifeCell, which allows sharing of preserved umbilical cord stem cells amongst the community of parents. This provides larger access to donor stem cells within the community and higher probability for finding a matching donor stem cell for treatments. Community banking also helps parents and siblings in accessing stem cells from the community pool, thus providing a comprehensive family benefit for treatments. In order to encourage more people to donate to the Community Bank, LifeCell offers benefits like zero retrieval cost, open access to any matching unit, immediate availability and a large inventory, thereby increasing probability of getting the right match. The cost of stem cell transplant for the donor or sibling would be compensated by LifeCell as token of gratitude for signing up for the community bank. The community member can also avail a full refund of membership fee if the sample is released to another member, thereby incentivising the donor.