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Umbilical Cord Blood Banking Industry Flourishes

  • April 09, 2004

Pregnant women are being inundated by marketing from private companies that store umbilical cord blood. This is how it works: Cord blood is extracted from the umbilical cord and shipped to the private bank, where it is processed to separate the stem cells, which are then deep frozen, typically in liquid nitrogen, for fees ranging from $1,000 to $1,740 per child plus a likely $95 annual storage fee. Research has shown that cord blood stem cells can be used as an effective alternative to bone...