Interview with Mayur Srisrimal, CEO and Managing Director of LifeCell International /92JXlElIIO LifeCell has a technological collaboration with USA Cryo-Cell International, by which it obtained knowledge transfer that allowed us to initiate our stem cell banking operations within India.Īs of 2018, LifeBank has more than 270,000 stem cell units in storage. It remains the largest stem cell bank in the country, with a central processing facility at Chennai and cryostorage facilities at two locations in Chennai and Gurgaon. India also has a fertility rate of 2.4 births per woman, making it important to provide stem cell banking services for newborns.LifeCell was founded in 2004, making it India’s first private stem cell bank. The first #foreign citizen to have received umbilical cord blood in #China as part of a hematopoietic stem cell #transplant was discharged from hospital on Thursday. Īnother company that has received a permit from China’s Ministry of Health for cord blood storage is Shanghai Stem Cells Technology Co., Ltd., which is a public interest company granted jointly by Shanghai Red Cross Society, Shanghai Blood Center, and other facilities under the Shanghai Municipal Bureau of Public Health.Īn operating division, the Shanghai Cord Blood Bank, holds the government license for cord blood banking in the Shanghai region and is affiliated with the Chinese marrow donor program. The other operating regions where China Corp Blood Corp does not hold permits are Tianjin, Shanghai, and Sichuan, which are responsible for only 3%, 5%, and 19% of annual births in China, respectively (total of 27%). Ĭhina Cord Blood Corporation’s public division has also been very successful, with the CAGR for its public blood banking division at 26.6% for 2009 through 2014. The company has also experienced very robust and consistent revenue growth for 2009 through 2014, with a CAGR of 25%. CCBC is the fastest growing cord blood bank worldwide, according to its CEO, Mr. Each of the other licensees in China hold only one license. Within the regions that the company operates, there are approximately 2 million new births every year, allowing for a large potential market. It entered Beijing in 2003, Guangdong in 2007, and Zhejiang in 2011.
#Cord blood definition license#
In addition, it is now the largest cord blood banking operator in China in terms of geographical coverage and is the only one operating with multiple licenses. It holds the exclusive license for 3 of the regions (Beijing, Guangdong and Zhejiang) and has partial ownership in a 4th region through its 24% share in Shandong Cord Blood Bank. It was also the first cord blood bank in China to receive ISO900 certification and is now also AABB accredited.
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