Country's first private 'cord blood bank' LifeCell would have two banks one each in Malaysia and Dubai.
Endorsement by celebrities such as Aishwarya Rai, Hrithik Roshan among others and increasing awareness among customers are helping stem cell firms grow the brand footprint
India's first stem cell transplant centre to be ready by April 2006
India's first exclusive state-of-the-art stem cell transplant centre would become operational in Chennai by April 2006.
For the first time, the country will have a menstrual blood bank which would be used for developing stem cells to treat various disorders. Scientists say menstrual blood, which is discarded from the female body once a month and is often considered impure and unhygienic, is a rich source of stem cells. Chennai-based LifeCell International, which brought cord blood banking to India, plans to launch its new project 'menstrual stem cell banking' in July.
As the funnel of good-quality early-stage companies are built, mid-stage and growth capital always follows, says Fireside Ventures founder Kanwaljit Singh.
The company has been developing donor-derived stem cell platforms.
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