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Stem Cell Spinoff

Cord Blood Firms Turn Astrologers

Anxiety rules expectant parents. Money-eyed and dubious firms latch on to this concern with claims of a perfect future for the child.

Cord Blood Firms Turn Astrologers
Cellugen Lab | Photograph by Sanjay Rawat
Cord Blood Firms Turn Astrologers
outlookindia.com
2017-07-15T10:44:22+05:30

The Scam So Far

  • Rs 5,000 to 1.5L charged to store stem cells up till 21 years, disposed after that age.
  • Rs 3L to 12L is the cost of stem cell therapy
  • 1:40,000 Probability of a family to use  its own stored CB
  • 21 CB banks registered with CDSCO. More than 500 unregistered
  • 500m cells can treat a person of  only 15 kg weight, which a child attains at much before 10 years
  • 5 rare diseases are curable through stem cell therapy against 80 in all claimed by private firms

***

It is a common belief that technical advancement promotes the propensity to fleece people. It’s no different in the medical field: a major upgradation in the know-how of stem cells has triggered the money-making potential of this fast-growing branch of knowledge about which most people don’t have a grasp. Thus, the ‘business’ of child birth has found a new companion in the form of private cord blood banking—something researchers and doctors say gives the provider high profits, but is low on consumer benefits.

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