Awash in frozen packs of umbilical cord blood, StemCyte Inc. needed to move. That’s because of increasing demand from parents to store their babies’ stem cell-rich cord blood for a range of future therapies, some of which are only now being studied and developed.
Now, having taken root earlier this year in a 48,000-square-foot headquarters building in Baldwin Park, the company has room for more than 150 of the massive tanks it needs three times the capacity of its old home – each holding more than a thousand frozen packs of cord blood.
Blood is big business, and demand for cord blood in particular has been growing.
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All Credit: Marni Usheroff, L.A. Business Journal. “Locking Up Cells” August 2015. PDF/Print.