Banking For The Future

Parents looking to save their newborns cord blood stem cells can breathe a sigh of relief. China Cord Blood Corporation, China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services, announced on October 30 that the company's Guangdong subsidiary, Guangdong Cord Blood Bank, was accredited by the American Association of Blood Banks (AABB) in October this year. China Cord Blood Corporation is the first and largest umbilical cord blood banking operator in China in terms of geographical coverage and the only cord blood banking operator with multiple licenses. Under current PRC government regulations, only one licensed cord blood banking operator is permitted to operate in each licensed region and only seven licenses have been authorized currently, making this very good news for those looking to save cord blood stem cells for future generations.