LifeCell International – India’s leading stem
cell provider, a pioneer in stem cell research– announced the launch of Baby
Cord Share, Community Stem Cell banking to address the need for creating a
large inventory of stem cells in the country. BabyCord Share brings together the unique benefits of
private and public banks, while effectively addressing the challenges of
sourcing matching stem cells in India.
Community Stem Cell Banking is a
first of its kind global initiative of LifeCell, which allows sharing of
preserved umbilical cord stem cells amongst the community of parents. This
provides larger access to donor stem cells within the community and higher probability
for finding a matching donor stem cell for treatments. Community banking also
helps parents and siblings in accessing stem cells from the community pool,
thus providing a comprehensive family benefit for treatments.
According to statistics, individual risks of acquiring a blood or immune
related conditions that are eventually treatable by stem cells is 1 in 20. 80% of these
conditions would require stem cells from a donor, with the remaining would
require their own stem cells. Despite the large need, the transplants that are
done are relatively very few, due to lack of availability of matching stem
cells for treatment and prohibitive costs in sourcing matching stem cell units.
India has a listing of 1,80,000 bone marrow stem cell donors, which is
far less than 1% of the global stem cells donor base, despite accounting for
20% of world population. Moreover nearly 40-50% of these bone marrow stem cell donors
are either unavailable or refuse to donate at the time of request.
Mayur Abhaya, MD and CEO, LifeCell said, “With increasing awareness amongst the
parents preserving their baby’s stem cells, community banking could help
increase the inventory by more than 50,000 every year. Through community banking of cord blood units, India
has the potential to become the largest inventory of stem cells globally,
increasing the scope of potentially lifesaving stem cell transplants for
babies, their families, their communities and others of Indian origin
worldwide.
As per a
study funded by the Indian Council of Medical Research (ICMR), if 2.5 lakh stem
cell units of Indian origin are made available, chances of patients in India
finding a matching stem cell unit will exceed that of even a patient in
advanced countries such as U.S. Moreover, the cost of sourcing matching stem
cells from public banks from elsewhere in the world could cost around Rs 15 to
20 lakhs making it unaffordable to many.
Dr. Prasad Narayanan, Senior Consultant - Medical
Oncology, MD (General Medicine), DM (Medical Oncology) said, “At a time when certain
conditions require donor stem cells for transplants are almost 4 times higher
than conditions that use patients’ own stem cells, Community stem cell banking
is a welcome move from LifeCell, addressing access to donor stem cells of Indian
origin which will help future generations stay protected”
Everyday
around thousands of babies are born in India and the availability of an
umbilical cord donated and stored could be abundant to treat many medical
conditions.
Dr.
Jyothsna Madan, MD (OBG) Sr. Obstetrician and Gynaecologist said “Off late there have been awareness and trend
amongst parents in preserving their baby’s stem cells at birth. With community
stem cell banking, the decision towards preserving umbilical cord stem cells
gains larger significance with added protection for the child and the
additional protection for the family too”
In order to encourage more people to donate to the Community Bank,
LifeCell offers benefits like zero retrieval cost, open access to any matching
unit, immediate availability and a large inventory, thereby increasing
probability of getting the right match. The cost of stem cell transplant for
the donor or sibling would be compensated by LifeCell as token of gratitude for
signing up for the community bank. The community member can also avail a full
refund of membership fee if the sample is released to another member, thereby
incentivizing the donor.
Everyday
around thousands of babies are born in India and the availability of an
umbilical cord donated and stored could be abundant to treat many medical
conditions.
V. Ravi
Shankar, Chief Marketing Officer, LifeCell said “Community banking is a new perspective where the baby
can bless the family with the protection of stem cells. With an addition of 50,000
units to the community bank every year, notwithstanding the existing inventory
of 2,00,000 units of existing customers which may get added to the community.’’
The community stem cell banking will
be available to customers with immediate effect at a starting price of Rs 16,990 with an Annual Storage Fee of Rs 4,000 per
annum. LifeCell also offers
additional long-term plans wherein customers can choose to prepay the storage
fee. BabyShield,
LifeCell’s preventive genetic screening and diagnostic testing services, is
India’s market leader for newborn screening services and recently forayed into
prenatal screening.
No comments:
Post a Comment
Thanks for posting your comments. Do continue to visit
http://blogspot.siliconvillage.net for more news, features and interviews in business, technology, gadgets related areas.