StemLife to work with Brunei hos­pi­tal

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: StemLife Bhd and Jerudong Park Med­i­cal Cen­tre (JPMC) are col­lab­o­rat­ing on the pro­vi­sion of stem cell bank­ing ser­vices for clients and pa­tients of the hos­pi­tal.

In a fil­ing with Bursa Malaysia yes­ter­day, the com­pany said it en­tered into an agree­ment with Brunei-based JPMC for the col­lab­o­ra­tion on Sept 1, 2016.

The stem cell bank­ing ser­vices in­clude col­lec­tion, test­ing, pro­cess­ing and preser­va­tion of umbilical cord blood stem cells, umbilical cord tis­sue, Whar­ton Jelly and pe­riph­eral blood stem cells ser­vices.

“With the agree­ment signed, JPMC will be the first hos­pi­tal in Brunei to of­fer a com­pre­hen­sive cord blood and tis­sue stem cell col­lec­tion, trans­porta­tion and cry­op­reser­va­tion ser­vices in Brunei. Now Bruneian par­ents are able to store the cord blood and tis­sue of their new­born in­fant, for po­ten­tially a life­time,” said the com­pany.

The agree­ment is valid for one year from the com­mence­ment date and will not have any ma­te­rial ef­fects on the earn­ings, net as­sets and gear­ing of StemLife for the fi­nan­cial year end­ing June 30, 2017.

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