LifeCell’s Community Banking - Aligns With The Recommendations Of Medical Bodies & Stem Cell Transplant Physicians
LifeCell's Community Stem Cell Bank works similar to a Public Bank. Parents contribute their baby's cord blood stem cells to a common pool for use by themselves and other members of the community. This increases the chances of finding a suitable matching donor and thereby expands the treatment options for patients. Thus, the Community Banking model completely meets the IAP and IMA recommendations. Not only does Community Banking solve the challenges of low inventory and high costs of the public banking model, it is also a more sustainable business model compared to public banks.
Dr. Purvish Parikh on community cord blood banking
Community cord blood banking is the perfect solution to bring technological capability to the masses - leveraging India’s high birth rate to bring life changing treatments available to patients who have life-threatening illnesses.
Dr. Purvish Parikh,
Director, Precision Oncology and Research,
Asian Institute of Oncology,
Somaiya Ayurvihar Cancer Care
Molecular Oncology Society - May 2017.
Dr. Mahesh on LifeCell community banking
Community cord blood banking is the perfect solution to bring technological capability to the masses - leveraging India’s high birth rate to bring life changing treatments available to patients who have life-threatening illnesses.
Dr. Mahesh Rajashekaraiah,
Hemato-oncologist
MD, DM, Fellowship in Leukemia and BMT (Vancouver)
Indian Academy of Pediatrics (IAP) recommendation
Private cord blood banking must be strongly discouraged. Public cord blood banking serves the actual purpose of preservation by providing a common pool of donor stem cells thereby increasing the chances of finding a match and expanding the treatment options for Indian patients.
Consensus Statement of Indian
Academy of Pediatrics (IAP) - 15th June, 2018
ACOG, AAP and ASBMT recommendation
Likelihood of using own cord blood is very small (less than 0.04%). Hence, the donation of cord blood to public bank is recommended because there is 100 times more likely chance of release of a unit from public bank compared to a private bank.
Recommendations by
ACOG, AAP and ASBMT
How Does LifeCell’s Community Banking Overcome Current Challenges of Public Banks?
45000+
Current number of qualified cord blood units available at LifeCell Community Bank
5 times
Exclusive access to LifeCell Registry which is 5 times larger than any public bank in India
>96% chance
An ICMR study says that a bank with over 25,000 donated cord blood samples provides a 96% chance of finding a matching unit for an Indian.
