The history of cord blood banking is fascinating, because the service did not exist on a wide-spread basis until a few decades ago. Below, we introduce key historical events that have affected cord blood and cord tissue storage and how they could impact you, your family, or your investment portfolio.
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Cord Blood
Because cord blood present within a newborn’s umbilical is rich with stem cells, it can be collected and stored for future medical use.
Largest European Cord Blood Bank Acquires Majority Ownership of Smart Cells Holdings
FamiCord Group is investing in a stem cell bank owned by Smart Cells Holdings Limited, UK, acquiring 84.2% of shares.
After the transaction, FamiCord Group will store 610,000 samples belonging to over 450,000 families.
WARSAW, Poland, Aug. 31, 2021 — Polski Bank Komórek Macierzystych S.A. (PBKM), which leads the international FamiCord Group, Europe’s largest stem cell bank, signed a transaction agreement with shareholders of Smart Cells Holdings Limited, based in London UK. [Read more…]
HealthBanks Announces its Industry’s Lowest Cord Blood Banking Prices
HealthBanks’ Cord Blood Banking Plans Start at $19.99/Month with Lowest Price Guarantee.
IRVINE, CALIFORNIA, USA, August 10, 2021 — HealthBanks Biotech, Inc. (“HealthBanks” or the “Company”), a premium U.S. stem cell and immune cell bank headquartered in Irvine, CA, today announces the launch of its newest cord blood banking membership plans and prices. [Read more…]
When Did Banking Cord Blood and Tissue Banking Start?
The global cord blood industry came into existence in the early 1990’s with the formation of several leading cord blood banks in the USA, followed by the establishment of cord blood banks across the globe. However, the history of cord blood stem cell transplantation begins much earlier than that. [Read more…]
Cord Blood Industry Consolidation Escalates in 2021
The global cord blood industry experienced strong growth from the early 1990’s through the late 2000’s, during which time more than 450 cord blood banking companies emerged worldwide. Approximately half of those companies owned their own labs, while the others were marketing entities or sub-contractors of storage space.
Starting about ten years ago, the market suddenly changed course. It entered a period of aggressive consolidation, cutting the global number of cord blood banks by approximately half.
Over the past decade, the cord blood industry has witnessed substantial consolidation, particularly within the United States, Europe, Asia, and Latin America. [Read more…]
