Indiana Stem Cell Bank Expected in 2007
Posted on: Monday, 2 October 2006, 15:00 CDT
The chief executive of Indiana's General BioTechnology said he hopes to have the state's first umbilical stem cell bank running in early 2007.
Chief Executive Officer Erik Woods said the bank would fill the growing demand for stem cells used in bone marrow and other transplant procedures, the Indianapolis Star reported Monday. Seventeen other states have umbilical stem cell banks in operation.
We are far behind in terms of our community understanding. This is a resource we are wasting right now, Woods told the newspaper.
Woods founded General BioTechnology in 2004 after completing postdoctoral work at Indiana University on improving cord blood processing procedures. He said cord blood needs to be stored at ultra-cold temperatures to prevent spoiling.
We figured it wasn't a bad idea to set up a company to do it, he said.
Woods told the Star he hoped to eventually expand the bank to include human fat cells containing stem cells used in bone and cartilage repair and to include stem cells needed for veterinary use.
Source: United Press International
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