Types of Cord Blood Banks
Original Types of Cord Blood Banks
A “registry” is a list of donors. The donors may come from a single bank or a network of banks.
The difference between these two banks is summarized in the table below:
Donating to a Transplant Public Bank versus Private Banking
| Type of bank | Private Bank | Transplant Public bank |
| Cost to Parent | $900 - $1,800 | Free |
| Blood Owner | Parents | Bank |
| Bank Income | Parents | medical insurance and blood sales |
| Blood Usage | Parental discretion | transplants or grant-funded research |
In a Transplant Public Bank, the bank is committed to the goal of archiving cord blood collections for medical patients. The bank may be a non-profit institution or it may be a for-profit corporation. The crucial factor is not the business model of the bank, but its commitment to try to archive the cord blood that it collects.
It is very difficult to financially break even when archiving cord blood. As explained on the web page about costs , the bank spends over $1000 to process each cord blood collection, and this is balanced by charging about $35,000 for each collection released for transplant. But it takes a few years to reach equilibrium between units collected and units released for transplant. Meanwhile, even a Transplant Public Bank will sell any collections that do not meet its storage criteria. These reserach sales help to boost their income.
Third Option: Banks that Profit from Parent Donations
- Deceptive advertising: These banks may lure parents to donate with advertising about the need for transplants. But in fact, many or most of their donations are not being saved for transplant patients.
- False assurances: When parents donate to a public bank, they tend to assume that their child’s blood can be retrieved if they ever need it. This is not 100% true at any public bank, because it may have been given to another patient in need. But it is even less true when most of the blood passes through the bank without being archived long-term.
- Ethical concerns: Do you feel comfortable donating your child’s stem cells to a corporation that will attempt to use them to make a profit for their investors? Or to a reserach group that hopes to obtain patents on their discoveries, and then use the patents to generate profits?
All Cord Blood Banking Options
| Type of bank | Private Bank |
Transplant Public Bank | Research Public Bank |
| Cost to Parent | $900 - $1,800 | Free | Free |
| Blood Owner | Parents | Bank | Bank |
| Bank Income | Parents | medical insurance and blood sales | blood sales & patent royalites |
| Blood Usage | Parental discretion | transplants or grant-funded resarch | research |
The bottom line is, that parents should read the Informed Consent carefully before donating cord blood.