Article: Private Umbilical Cord Blood Banks Rise in Popularity, Use.

By Marie McCullough, The Philadelphia In...uirer Knight Ridder/Tribune Business News

Jul. 21--In 1988 in Paris, a boy with a life-threatening form of anemia was saved by a new, experimental therapy -- a few ounces of blood from his newborn sister's umbilical cord.

Soon, what had been just a waste product of childbirth was being hailed as a therapeutic miracle. Facilities for freezing and storing umbilical cord blood began to spring up around the world.

Now, 15 years after that first "cord blood transplant," it is clear the procedure has several advantages over a bone marrow transplant, the older, more common way of rebuilding damaged blood ...

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