Private Cord Blood Banking — 6 things you need to know
Cord blood banking has opened many channels in personalized medicine. There are two types of cord blood banking: Public and Private. Public cord blood banks mainly deal with donated cord blood units whereas private ones are for personal use.
Here are 6 things you need to know about private cord blood banking before you take any decision:
1. The origin of cord blood transplant:
Dr. Elaine Gluckman performed the first ever cord blood transplant at St. Louis Hospital in Paris back in 1988. This first successful surgery was administered on a 5 year old, who was suffering from a rare blood disorder, Fanconi anemia. Since then cord blood has been used in thousands of successful transplants to treat over 80 diseases and many trials are underway to discover its potential to treat other diseases.
2. What is private cord blood banking:
Private cord blood banks are also known as family cord blood banks. These blood banks process and store your cord blood unit, after collecting it during your child birth. The cord blood unit is exclusively kept for your family. And you can access it anytime you need, be it for the baby or for any family member. Families need to pay a fee to the cord blood bank in order to conduct the entire process.
3. You must plan ahead if you are going for cord blood banking:
You must contact a private cord blood bank according to your preference during the early stage of your pregnancy, so everything remains in order when you will be delivering your baby. The moment you decide to go for cord blood banking, you need to document all your medical history. The process has to be completed before giving birth.
4. Financial aids are available for needy families if they go for private cord blood banking:
There are many cord blood banks that offer financial programs to cover the cost associated with cord blood collection, processing and storing. This program is available for families that have an ill member, who can be benefitted by a cord blood transplant. Apart from that many insurance companies are there that offer financial assistance for needy families or families with a patient who needs immediate cord blood transplant.
5. Cord blood units should be tested, always:
Private cord blood banks always ensure proper screening and testing of all the collected cord blood units, so that the stem cells, derived from the cord blood remain infection or contamination free. Make sure you ask your cord blood bank for all the details.
6. Cord blood can be preserved for decades, if maintained properly:
Cord bloods can be preserved without any decay or aging for decades, if they are processed and stored the right way. The optimum procedure to store a cord blood unit is keeping it in a nitrogen freezer, which is also applied to store donated sperm. According to a study, it’s seen that the rightly preserved cord blood can be viable for over 23 years.You always should ask your cord blood bank about their storing process before signing up.
These are the 6 things you need to know about private cord blood banking. If you still have any question, then get in touch with a Cordlife expert today.
Cordlife, the oldest and largest network of stem cell banks in Asia Pacific, serves the needs of the mother and child. Since 2001, Cordlife aspires to deliver the highest of quality standards in service and product offerings to their clients. With state-of-the-art-laboratories located in 6 different countries across South East Asia (Singapore, India, Phillipines, Indonesia, Malaysia and Hong Kong), and strategic brand presence in China, Thailand, Vietnam and Myanmar, Cordlife is able to offer the most advanced processing and cryopreservation technologies for both cord blood and cord tissue stem cells. Cordlife laboratories have been accredited by FACT (Singapore), AABB (Singapore, India and Hong Kong) and CAP (India and Hong Kong) in addition to other requisite licenses and certifications like DCGI, ISO, WHO-GMP and US-FDA. Cordlife India singularly offers a storage capacity of 150,000 cord blood units with a provision to scale up as and when required.
Having been in the forefront of the stem cell banking industry for more than a decade, Cordlife has adhered to its values of integrity, honesty and pursuit of excellence, for which they have been recognized by Forbes as one of the Top 200 ‘Best Under a Billion’ Companies in Asia (2015) and also been titled as the Most Transparent Company by SIAS Investors, Singapore (2013) and Asia Pacific ‘Stem Cell bank of the Year’ by Frost and Sullivan (2016).