Yesterday, Cord Blood America, Inc. announced that it has received all of the required state licenses and Federal registrations necessary to operate as a cord blood bank in the United States, including licenses from the states of New York, New Jersey, Nevada, Maryland and California.
Cord Blood America, parent company of CorCell, is an umbilical cord stem cell preservation company that works with parents who are expecting children. Aiming to be the “most respected stem cell preservation company in the industry”, Cord Blood collects stem cells from the umbilical cords of expectant mothers through a non-invasive process.
The Company has obtained licensing to operate as a tissue and blood bank, for the production of biologics, and to operate as a registered laboratory for bacteriology and hematology. Registrations obtained include the FDA and CLIA. In addition, Cord Blood is preparing for ISO 9001 certification and for American Association of Blood Banks accreditation in 2012. BioCells, its Argentina-headquartered stem cell company, recently received its ISO 9001 certification.
A video produced by the Nevada Commission on Economic Development incorporates shots of Cord Blood’s Las Vegas lab facility, and Cord Blood has been invited to present at the 7th Annual Stem Cell Summit, held in New York City during February 2012.
Geoffrey O’Neill, Vice President of Cord Blood, said, “CBAI is committed to maintaining the highest quality of standards for our lab processing, including physician preferred sterile Pall medical bags used in our collection kits, which most of competitors do not have, and the BioE processing system which has in the latest studies shown the highest recovery in hematopoietic stem cells compared to other harvesting systems.”
“What gets lost in all of the activity of CBAI is the communication of our fundamental execution. As mentioned, we are focused on the business fundamentals right now. We are pleased that we have met all of the stringent requirements necessary to obtain the current licenses. There is always more work to do, new licenses to get, and updates of existing licenses,” commented Matthew Schissler, co-founder and CEO.
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