This is good news… I guess!
Bangalore: Cryo-Save Group, an adult stem cell banking company, launched Cryo-Save India in Bangalore on Wednesday. The subsidiary in
India has an automated stem cell banking facility and offers a dual storage system. The facility will enable automatic processing to avoid manual intervention and contamination. It will collect and store adult stem cells derived from cord blood.
The facility can store 1,50,000 samples. According to MD of Cryo-Save India, V R Chandramouli, India has a good market for advanced stem cell banking services. "There is an immense market potential for adult stem cell or family banking here," he confirmed.
The facility was set up with an investment of 1.8 million euros. Cryo-Save Group will scale up its investment to 2 million euros after a year, depending on the response in India.
"Stem cells are natural repair kits of the human body
In the last 18 years, more than 10,000 patients have been treated with cord blood stem cell transplantations in over 150 countries," Chandramouli said. "Currently, stem cell research is being done for more than 85 diseases."
Cryo-Save’s services are available in 37 countries.
[ source: TOI ]