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Stem cells bank established in Romania

This article was originally published in Scrip

Executive Summary

Greece's Stem-Health and Centrul Medical Unirea, a Romanian company, have founded Stem-Health Unirea, with an estimated investment of €800,000. The two founding firms will have 50% stakes in the new company. It will be located on Unirea's site in Bucharest and should start operating in full early next year. Stem-Health, which is a 50%-owned subsidiary of Hygeia, , was established last year to develop a network of stem cell banks in Greece and countries of south-eastern Europe and the Middle East. Stem-Health Unirea is Hygeia's second stem cell bank. The first one was Stem-Health Hellas in Greece, which will now help Stem-Health Unirea with know-how and staff training. Both stem cell banks use protocols and procedures for collecting and processing cord blood and storing stem cells developed by the New England cord blood bank.

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