Malaysian Officials Wary of Stem Cell Claims

"The Star", a Malaysian newspaper, also reports that the government there is less than happy with claims made by cord blood banking facilities. Malaysian officials seem less than optimistic about private cord blood banking and are, for all purposes, discouraging the practice.
"The Star" noted:
"Dr Chua said baseless claims by companies had attracted many new mothers who fork out money to keep their baby’s umbilical cord blood stem cells in special bank set up by private companies.
“What guarantee is there that the cord blood can be used five to 10 years down the road?
“Mothers or families who keep the stem cell cord blood have high hopes that it would be their medical insurance should they need it one day although medical data does not support its role in this matter,” he added."
You can read more about Malaysia and cord blood banking here.
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