Umbilical Cord Blood Transplant (UCBT) has gained popularity as an efficacious treatment modality for various malignant and non-malignant hematological disorders, since the first successful UCBT was done in France in 1988. More than 35,000 successful cord blood transplants have since been performed worldwide .
There are at least 142 public and 25 private UCB banks the world over with 3 public and 7 private banks located in India. In India, insufficient quantity of just about 5000 cord blood units are available in public banks.The chance of obtaining a matched donor for an Indian recipient from foreign registries is meager due to ethnicity and exorbitant cost. Till date, only 32 patients have received a transplant using related or unrelated UCB.
“Private stem cell banks have been growing in India with parents investing over 500 crores annually to protect their newborn against blood-related disorders. Unfortunately, the private banks have been propagating that one’s own cord blood stem cells can be used in more for more than 80 medical problems, which is not true. The fact is that the possibility of utilizing one’s own UCB for transplant in blood related disorders is less than 5%. This futility of storage of UCB for self-use is well recognized by the medical fraternity today. To make umbilical cord blood stem cell transplants a viable option, accessing another person’s cord blood (allogenic) is the best solution,” said Dr. S P Yadav Pediatric Hematologist, Medanta Hospital.As India has limited cord blood units available in the public domain, Mycord’s Precious Pool Plan serves to fill this void.
“Mycord aims to redefine this through the Mycord Precious Pool Plan (MPPP)’. Mycord advocates that all cord blood units stored as part of private banking be made available in a cord blood pool to find the best matched cord blood unit forall clients. This is done at no additional cost of procuring a cord which otherwise, if available in a public bank is very expensive. This unique advantage shall be most beneficial to the precious child whose cord has been banked” explains Mr. Lalit Jaiswal, Founder-Director, CelluGen Biotech Pvt Ltd.