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India’s First Non-profit Stem Cell Bank Soon
January 03, 2008 at 1:07 PM
Genetics & Stem Cells News
A blood bank in Chennai, capital of the southern Indian state of Tamil Nadu, is venturing into stem cell banking too. It will become operational in a couple of months.
Dr.P.Srinivasan, chairman of the Chennai-based Jeevan Blood Bank, told Medindia that theirs would be first such initiative in the country.
'We will provide stem cells of the highest quality,' he promised and said it would be a non-profit venture.
With a potential to cure more than 70 different medical conditions like blood cancers (leukemia and lymphoma) and other hematological conditions like Thalassemia, stem cells are considered to be one of the best treatment options available today.
The Jeevan plans to collect cord blood from donors, harvest stem cells, test for transmissible infections, store and ultimately release the safe compatible units to any one who needs them across the world.
'This will be done by adopting internationally approved and accredited techniques of collection, processing, banking and distribution to support stem cell transplantations and related research in India and around the world,' Dr Srinivasan said.
Elaborating on the initiative, he said the Jeevan Stem Cell Bank would collect, test, process and store not less than 40,000 units of stem cells collected from umbilical cord blood over the next five years. 'This number is scalable upwards based on the demand also on the funding options available. It will start functioning before 31 March 2008,'he said.
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