Friday, January 26, 2007

Branson going into cord blood (stem cell) storage business?

A timesonline story includes the text:

A Virgin-branded company will be launched next Thursday and is expected to offer parents the chance to put the umbilical blood of their newborn children into cold storage.


Public cord storage is becoming more common, particularly in the US, but there is also a growing private industry taking advantage of the promise of these cures. However, the industry is extremely controversial because the chances of developing a disease that stem cells can cure, such as leukaemia, is small while the new cures may never materialise.


This has not stopped more than 11,000 families in the UK using stem-cell storage facilities. The services typically cost about £1,500 for collection of the blood and about £100 a year for cold storage.

IPBiz notes that the low probabilities of success have not stopped stem cell advocates, and some voters.


Post a Comment

<< Home