Company Entering Cord Blood Storage Arena

DomaniCell, a company with a track record in the cell collection and storage business, has announced plans to enter the field of storing stem cells. Basically, it would appear as if DomaniCell is getting ready to offer banking services, based on a press release that states they are "expanding its service to the collection and storage of stem cells and immune system cells for adults who choose to proactively store their cells, while they are healthy and younger, for potential future use."

DomaniCell refers to stem cell storage (i.e. umbilical cord blood storage, perhaps?) as part of a "proactive wellness plan". Although people will have different opinions regarding personal blood banking and its value to most individuals, the DomaniCell announcement does demonstrate that there is potential growth in that marketplace.

Here's an excerpt from the company's statement, explaining the potential value of cell storage:

"When collected and stored from younger and healthier donors, stem cells and immune system cells are more effective than those collected later in life or from a donor suffering from an illness or genetic disorder. Additionally, autologous (self) stem cell and immune system cell replacement has been demonstrated to be highly effective in restoring normal function after exposure to toxins, including radiation."

The full release is available here.