Monday, January 8, 2007

The Times Group invests in stem cell processing company LifeCell

LifeCell, a Chennai-based stem cell processing and banking facility, has divested stake to the Bennett, Coleman and Company (BCCL), proprietors of The Times of India and The Economic Times.

LifeCell was launched in November 2004 and is a pioneer in India for stem cell banking, research and therapy. It has 21 marketing and collection centres across India, and has enrolled over 5000 customers. LifeCell recently forayed into international markets with the launch of its Dubai operations and will soon expand its presence to Malaysia, Saudi Arabia, Sri Lanka, Singapore and Pakistan. It also has a technology tie-up with US-based CRYO-CELL International, which is the pioneer in the field of cord blood banking, and is the world's biggest cord blood bank with over 130,000 members.

Read the article in The Economic Times.

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