CIBC helps build a life-saving national public cord blood bank For All Canadians

April 14, 2014

Bank’s donation brings Canadian Blood Services another step closer to
meeting growing demand for stem cells in Canada

OTTAWA, April 14, 2014 /CNW/ – A life-saving national public stem cell
bank will soon become a reality thanks to a generous $300,000 donation
from CIBC. The donation will support Canadian Blood Services’ Campaign For All Canadians, helping to raise funds towards the establishment of a national public
cord blood bank in Canada.

The demand for blood stem cells in Canada is growing with the number of
Canadian patients waiting for life-saving stem cell transplants
tripling over the past five years. These patients are suffering from
cancers such as leukemia and lymphoma and diseases like aplastic anemia
and they require stem cell transplants to survive.

A public cord-blood bank is especially important in Canada because of
our country’s ethnically diverse population where finding a match is
more complex.

“Canada is the only G8 country without a national public cord blood bank
and Canadian Blood Services is working to change this,” said Graham
Sher, CEO, Canadian Blood Services. “With CIBC’s leading gift we’re one
big step closer to attaining a public cord blood program representative
of Canada’s many diverse communities.”

Even though the Canadian health system can access international stem
cell registries, it’s vital that Canada can collect and store its own
selected umbilical cord blood in a national public bank. By doing this,
many precious lives will be saved and the suffering of many Canadian
families will be significantly reduced. Umbilical cord blood, which is
currently discarded after childbirth, is a rich source of stem cells
that can provide a second chance at life for patients waiting for their

“With its leadership in supporting cancer research and treatment across
the country, we are very grateful for CIBC’s support and the role it’s
playing in this historic healthcare solution,” added Sher.

“At CIBC, we are committed to supporting causes that matter to our
clients, employees and communities,” said Grant Rasmussen, Region Head
of Ontario, CIBC. “We are proud to support Canadian Blood Services in
the establishment of this vital resource for all Canadians.”

Canadian Blood Services’ national fundraising campaign, ‘Campaign For All Canadians‘ has been initiated to help build Canada’s first national public cord
blood bank. Through its 3-year campaign, the ‘Campaign For All Canadians’ will help raise funds to assist Canadian Blood Services transform blood
stem cell donation in Canada by creating the National Public Cord Blood
Bank. The National Public Cord Blood Bank is managed by Canadian Blood
Services, on behalf of the provinces and territories except Québec,
which runs its own cord blood banking program through Héma-Québec.

About Canadian Blood Services

Canadian Blood Services is a national, not-for-profit charitable
organization that manages the supply of blood and blood products in all
provinces and territories outside of Quebec. Canadian Blood Services
also oversees the OneMatch Stem Cell and Marrow Network, and provides
national leadership for organ and tissue donation and transplantation.
Canadian Blood Services operates 42 permanent collection sites and more
than 20,000 donor clinics annually. The provincial and territorial
Ministries of Health provide operational funding to Canadian Blood
Services. The federal government, through Health Canada, is responsible
for regulating the blood system.

About CIBC

CIBC (CM: TSX) (CM: NYSE) is a leading North American financial
institution with 11 million personal banking and business clients. CIBC
is committed to supporting causes that matter to our clients, our
employees and our communities. We aim to make a difference in
communities through corporate donations, sponsorships and the volunteer
spirit of employees. With a strategic focus on Kids, Cures and
Community, and employee commitment to causes, including the Canadian
Breast Cancer Foundation CIBC Run for the Cure, the CIBC Children’s
Foundation and United Way, we are investing in the social and economic
development of communities across the country. In 2013, CIBC
contributed more than $41 million to 1,870 charitable and non-profit
initiatives in over 430 communities. You can find other news releases
and information about CIBC in our Press Centre on our corporate website
at www.cibc.com.

To book an appointment or for more information, visit us at www.blood.ca or call 1 888 2 DONATE.


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SOURCE Canadian Blood Services

Source: PR Newswire

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