Cord blood refers to the blood that is collected after the birth of a child after the umbilical cord has been cut and is extracted from the fetal end of the cord, diverting up to 75 ml from the neonate. It is usually done within 10 minutes of giving birth.An adequate cord blood collection requires at least 75 ml in order to ensure that there will be enough cells to be used for a transplantation
StemCell Banking has become the latest marketing fraud to hit the Indian cities with overzealous marketers selling the option to bank the stem cells from the cord blood of newborns for around $2,500.Private storage of one’s own cord blood is unlawful in Italy and France, and it is discouraged in some other European states.The companies have massive marketing teams which visit expecting parents with expensive brochures and CDs to convince them of the goodness of stem cell banking.These companies offer to take away the blood from the cord of a newborn from which they will extract the stem cells and store in in facilities for further use in the future.These companies have not only targeting parents but also doctors in India.No doubt paying expensive commissions to doctors ( medical profession in India too has become heavily corrupt).