Umbilical cord stem cell banking in China

This will be a BIG bank…if they win the trial..
A local blood bank filed its second lawsuit against the Shanghai Public Health Bureau, after the latter banned its business of storing umbilical blood stem cells in January
“The company conducted blood collecting without any authorization and has broken the Blood Donation Law of the People’s Republic of China and the Practices of Blood Centres,” said the bureau’s Liu Xuefeng.
Shanghai Zaishengyuan Life Co-operation Ltd, the city’s first private umbilical blood bank lost the first trial in Shanghai Huangpu District People’s Court in July.
But the company disagreed.
“Zaishangyuan isn’t under the category of blood centres which are non-profit organizations. We run for a profit business,” said Zhang Yu, lawyer for Zaishengyuan.

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