Cord Blood Banking Clearinghouse

A comprehensive source of information regarding cord blood, cord blood banks and banking, cord blood donation and storage, cord blood registry, potential and real medical benefits of banking, and all other issues related to umbilical cord blood. Fair and regularly updated, Cord Blood Banking Clearinghouse should be one's first stop for cord blood research.

Tuesday, May 30, 2006

Cord blood banking as an employment benefit?

"When 31-year-old Amol Mohandas was to become a father last year, he was made an unusual offer by Starcom, the media company he worked for.

The company offered to pick up the tab, a one-time payment of Rs 59,000 for 21 years, if the father-to-be opted for cord-blood banking.

Cord-blood banking involves harvesting stem cells from the placenta and umbilical cord, normally discarded after the baby is born. The naïve baby cells from the umbilical cord are stored to be used at a later date to treat illnesses, including cancer, anaemia and so on."

That happened in India, according to The Hindu Business Line. It goes to show you how seriously the matter is taken in India and also hints toward possible similar efforts in the U.S. You can read the full article here. It's recommended.
 
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