These banks are generally of two types – private owned and public. This recently opened institution is privately owned. Privately owned cord banks are those that are run either by a private organization or an individual. Such institutions collect the blood regardless of any medical reason and they also charge fixed prices.
The scientists from all around the world today fully acknowledge the importance of umbilical cord. This is the reason that the cord that was earlier considered as waste and used to be discarded is now being preserved. Scientists now ask parents to donate cord blood so that it can be used for the treatment of several diseases for their child. The baby cord blood is preserved in the blood banks especially made for this purpose. Recently, a new bank has been opened in Melbourne that would be operating on a large scale.
Read more at cryocell.blog.com
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