What do you do if your cord blood bank closes?
Thursday, March 20th, 2008Because it is such a new industry and cord blood storage is such a long-term investment, many expectant parents wonder, “What will happen to my baby’s cord blood if the cord blood bank closes?” This is an extremely good question, especially if you are choosing a program with a 20-year banking period. This is where a NYS license can set minds at ease. A cord blood bank with a NYS license is required to demonstrate proper planning. The samples will be send to another laboratory handling the same type of product. For example, here at M.A.Z.E. Cord Blood Laboratories we were recently approached to take over storage of specimens from another lab. We ended up declining since their standards were not up to ours, but they were able to place them in a large commercial lab. All patients should be notified that their specimens will be transferred and be offered the opportunity to transfer them to another bank if they prefer.
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