Cord Blood America Recieves 2.3 Million For Stem Cell Lab

Cord Blood America Recieves 2.3 Million For Stem Cell Lab

Cord Blood America, an umbilical cord blood stem cell preservation company, has received a commitment for up to $2.3 million to either buy or build its own laboratory for the purpose of storing of multiple stem cell products including umbilical cord blood stem cells. About $300,000 of the funding has already been received by the Cord Blood America to begin the laboratory purchase or construction, with the additional $2 million to be paid out in future installments.

Matthew Schissler, founder and CEO of Cord Blood America, said: “The funding is from a private, institutional investor and allows us to focus even further on our due diligence efforts that I announced earlier. Certain properties of the funding will be recorded as both an asset and a liability on our books.”

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