Chennai-based LifeCell International, India’s largest umbilical cord stem cell bank is looking at raising funds for its new venture public stem cell banking. The company said the funds will be used for infrastructure, expansion and marketing.
The public stem cell banking—which will allow anyone to receive stem cells that match their requirements from a storage facility—is being implemented through LifeCell Foundation, a non-profit venture.
LifeCell has already raised Rs 18 crore. Of this, Shriram group chairman R Thiagarajan, one of the promoters of LifeCell, has contributed Rs 2.5 crore and Mayur Abhaya, MD & CEO of LifeCell, has given 2.5 crore
For nearly three years, Sundar (26) was waiting to be told that he could to regain control of his bladder and move around. Sundar, who fell off a tree, injured his spine and was paralyzed below the navel. In 2011, when doctors at Laksha Hospital in Chennai told him there was hope in the stem cell therapy trials, he signed the consent form.
Mumbai-based Dr B S Rajput, consultant orthopaedic and stem cell transplant surgeon at Breach Candy Hospital, told him he would inject stem cells drawn from his own body into him to repair the shredded network of nerves
The old practice of keeping one’s milk teeth under the pillow for tooth fairy to collect may have something to it after all. With dental stem cell banking (DSCB), one can store stem cells derived from a child’s milk teeth or even wisdom tooth of adolescents and adults below 30 years to be used in future for possible treatment of many diseases. Dentists are now recommending preserving milk teeth as an all time asset that can be used for treating the person or his/her siblings anytime.
Stemade Biotech Pvt Ltd, the first company in India to launch dental stem cell
Image via Wikipedia
After umbilical cord blood, the based LifeCell International is planning to save the umbilical cord tissue that is routinely discarded along with the placenta once a baby is delivered.
The cord tissue and cord blood are rich sources of stem cells.
LifeCell, which is into private banking, will start collecting umbilical cord tissue in the near future. It already collects and stores cord blood for private banking.
After a baby is delivered, the cord is first clamped before it is cut. Cord blood is collected and then the umbilical cord tissue is cut from the placenta to just above