Mr. Mayur
Abhaya, MD & 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 INR 15 to 20
lakhs making it unaffordable to many.
“The
conditions requiring donor stem cells for transplants are almost 4 times higher
than conditions that use patients’ own stem cells. Hence 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” commented Dr. Purvish Parikh, Board
Member of Maharashtra University of Health Sciences and Director of Precision
Oncology & Research, Asian Cancer Institute.
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.
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