May 16 2014

Cord Blood Banking Technology Breakthrough

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Abstract Presented at ASPHO Conference by Americord’s Medical Director Dr. Robert Dracker

NEW YORK, May 16, 2014-– Breakthrough technology that harvests stem cells from the placenta was presented in an abstract written by Dr. Robert A. Dracker, Americord’s Executive Medical Director, at the 27th annual meeting of the American Society of Pediatric Hematology/Oncology (ASPHO).

The new stem cell harvesting technology enables parents to collect as many as twice the number of stem cells from the placenta and umbilical cord blood than existing technologies on the market.

Working with Americord, Dr. Dracker led the development of the proprietary technology. The company will soon make the product available to parents through its patent pending CordAdvantage cord blood banking product.

“Dr. Dracker has been a pioneer in the field of stem cell banking for more than 20 years, and once again he has led the charge with the development of a groundbreaking technology that will benefit countless families,” said Americord CEO Martin Smithmyer.

Dr. Dracker is a pediatrician, hematologist/oncologist, transfusion medicine specialist, and experienced blood and stem cell banking pioneer. In addition to directing the development of CordAdvantage, he is responsible for all of Americord’s laboratory, collection and transport protocols and procedures, licensing and accreditation, establishing quality controls and advising the company with respect to scientific and medical matters. Prior to joining Americord in 2010, he was Executive Medical Director for ViaCell (now ViaCord) and Medical Director of Biocyte, the first cord blood company. He was also part of the Working Group on Cord Blood Stem Cell Guidelines for New York State and was an architect of the New York State cord blood banking licensing requirements, considered to be the gold standard of cord blood banking accreditations.

“This is an incredible advancement in cord blood banking technology,” said Dr. Dracker. “The research shows that it is possible to collect nearly double the number of stem cells from the placenta, which has very important benefits to parents that store their child’s cord blood and stem cells after birth,” added Dr. Dracker.

Americord is dedicated to delivering the highest quality stem cell collection and storage services at an affordable cost, while pursuing unique and innovative ways to improve the therapeutic utility of stem cells. The development of CordAdvantage is an important step in Americord’s continuing effort to find innovative ways to address the current limitations of cord blood banking.

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