Updated on 31 December 2012
What happens to the sample after the test?
We store the sample after the test for confirmatory testing and for research purposes. Although parents do not need to pay extra for storage but if they want us to do more tests then they would have spend additionally.
The year 2012 has been fruitful for the company. What are your thoughts about it?
Yes, 2012 has been good for us and we have been able to achieve several milestones starting from January. We got the most prestigious AABB accreditation for cord tissue banking. American Association of blood banks (AABB) is an international non-profit body dedicated to developing the highest standards in blood and cord blood banking.
LifeCell became the first and only stem cell bank to possess AABB accreditation for both cord blood and cord tissue preservation. Then in March 2012, we established the 100th center in J&K, thereby expanding the services in 22 states and 80 cities in India and in August 2012, we crossed the 50k mark. We have a new mirror lab coming in Manesar, Delhi, which we are planning to launch before the year 2012 comes to an end.
What can we expect next from LifeCell?
At this moment, further penetration of stem cell banking is required in the country. What disappoints us is that even after eight years of being there in the country and with more than 20 players in the country, the penetration is very low. There are certain factors that limit the uptake. Cost is one of the them. The affordability has to be addressed and awareness has to be made. We are working on a program that will help us to scale-up significantly, and become 10 times larger than what we are today.