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StemCyte Opens First Stem Cell Bank In India

One of the world’s prominent cord blood banks and biotherapies companies, StemCyte Inc. USA, recently announced that it will be opening its first umbilical cord blood stem cell banking facility at Apollo Hospital in Gujarat’s Gandhinagar district.

It will be the first cord blood bank facility in India which shall be used both for public and family donor purposes, an official statement said.

The stem cell bank is a tri-partite venture between StemCyte India Therapeutics, Apollo and Indravadan Modi led Cadilla Pharma, it said.

“The company plans to build an inventory of 25,000 ethnically diverse units here to help treat critically ill patients in India and abroad and we will also facilitate stem cell transplantation through Apollo,” President StemCyte Therapeutics Tushar Dalal said.

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