Why does cord blood banking cost money?
In New Zealand, processing cord blood is regulated by the Ministry of Health as “manufacturing medicine” – recognizing that the cord blood stem cells are intended to be used as medical therapy in later life.
Meeting this standard requires extensive testing and quality control including the involvement of qualified, trained laboratory technicians at CordBank who work under sterile conditions to prepare the cord blood stem cells for storage.
Each cord blood unit undergoes extensive microbiological testing at LabPlus – our FACT accredited laboratory partner. This includes detailed cell counts, viability testing and requires the use of specialised Flow Cytometres to determine the percentage of stem cells present in the cord blood. Testing is also undertaken on the mother’s blood sample for infectious diseases including HIV, Hepatitis B, Hepatitis C and Syphilis. If these diseases are present the cord blood is not stored to protect other units.
While we do our best to keep the costs down for NZ parents, the necessary testing and purchase of imported sterile materials required make up a large part of the price parents are charged.
The cost of buying a cord blood unit from a public bank is around USD $35,000.
If you would like more information on any of these facts, just let us know your area of interest by emailing us and we will get back to you.