Placental Stem Cells Business News

Placental Stem Cells Business News

The Plureon Company, which has a proprietary form of placental stem cells, has reached an agreement with Cryo-Cell Inc for Cryo-Cell to store and market the cells. A detailed release can be found on the Plureon website. The cells, known as Plureon stem cells, or PSCs, have shown the ability to differentiate rapidly into many different forms of cell types and to remain stable. They have not produced cancers, and researchers have shown that the PSCs can cure diabetes in small animals.

Cryo-Cell plans to begins offering its services to new parents in 2006. Cord blood can also be collected and stored in addition to the PSCs derived from the placenta.

In related news, the governor of New Jersey is unveiling a program for the storage of umbilical cord blood at two nonprofit blood banks. The full article can be found at NorthJersey.com. And in Ireland, the three public maternity hospitals in Dublin no longer allow medical staff to help parents collect and store cord blood from their newborns. The full article can be found in the Irish Examiner.