Chennai, Oct 16 (IBNS) Cordlife, Asia's largest and the most experienced network of stem cell banks in the Asia Pacific region, has announced the commencement of 49th collection centre in Chennai.
With its new centre coming up in Chennai, Cordlife has strengthened its foothold in South India with the presence in Karnataka, and Andhra Pradesh.
The addition of this new collection centre would further consolidate its presence as a leading player in the overall stem cell banking market.
The field of stemcell research is ever-growing as new diseases are coming under the purview of stemcell therapy.
The recent Nobel Prize win in physiology/medicine for work on stem cell has opened a new wave in the medical world.
The discoveries have showed that the body´s mature, specialized cells can be reprogrammed into stem cells - a discovery that scientists hope to turn into new treatments without destroying human embryos.
Scientists want to harness the reprogramming to create replacement tissues for treating diseases such as Parkinson´s, cystic fibrosis and diabetes and for studying the roots of diseases in the laboratory.
Stem cell therapies are being developed for rare genetic disorders and for the treatment of terminal diseases like heart disease, orthopedic complications, breast cancer and other life threatening ailments.
With Cordlife's wide network, more number of individuals can opt for the unique patented technology now for storing their child's umbilical cord.
"Chennai market is educated and well informed. Parents in Chennai have a good understanding of the concept of stem cell banking and its therapeutical significance. Chennai had always been under the company's perspective for a long time," said Cordlife in a release.
"The target audiences we have in Chennai are extremely well aware of stem cell banking and our biggest challenge would be to create a formidable presence in such a market," said Meghnath Roy Chowdhury, Managing Director - Cordlife India.
"The new collection centre adds on to the options available for would-be parents in planning for a healthy future for their child," Meghnath said.