Some interesting news coming out from China. This article mentions that an "interstitial stem cell bank" was inaugurated in Tianjin a few days ago. It is managed by the China National Engineering Center of Cell Products (NECCP) but it isn't clear from the article whether this a private set up or a public funded project. The head of the Center, a gentleman Wang Fu sheng suggests in his statement that the center plans to engage in cell therapy of injured tissues and organs, especially in cancer, nervous diseases and skin tissue for burn patients.
The article mentions that these stem cells are usually taken from the marrow but can now be isolated from the "navel string" which I think is a literal translation of the umbilical cord. I'm not sure if its umbilical cord tissue or whether they isolate the stem cells from the cord blood, in which case would make it an umbilical cord blood stem cell bank.
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