Newspaper Overviews Cord Blood Collection
For instance, it discusses the process like this:
"Blood obtained from the umbilical cord of a baby minutes after birth can be used in transplant procedures for as many as 80 diseases. It can be saved for research or private purposes. It is a safe, quick procedure with no risks to mother or baby. The blood can be stored for at least 10 years, perhaps longer. It's preferable to bone marrow for transplants because there's less of a need for it to be a perfect match. It carries a lower chance of rejection by the recipient and a lower risk of contamination."
You can read the entire article about cord blood banking and collection by clicking here.
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