CORDLIFE GROUP has brought cheer to its shareholders with its share price on an uptrend and touching a record $1.535 recently despite the sharp decline in the broader market.

Now, the company has another piece of good news: It has been accredited by the Foundation for the Accreditation of Cellular Therapy (FACT) for the next 2 years.

1jeremy yee"We are committed to providing the best laboratory facilities and patient care system," said CEO Jeremy Yee. NextInsight file photoThis feat by Cordlife has put Singapore on the industry's world map, as there are only six private cord blood banks in the world with double-accreditation status from AABB and FACT-NETCORD.

With this new accreditation, Cordlife becomes the first private cord blood bank in Singapore and South East Asia that fulfils two world-class accreditation standards.

The latest accreditation was attained after undergoing successful documentation and inspection that confirm that it is in compliance with NetCord-FACT international standards for cord blood collection, processing, testing, banking, selection and release.

Today, NetCord-FACT standards are universally recognized by stem cell transplant programs. 
NetCord-FACT standards are set by world-renowned experts vested in the improvement and progress of cellular therapy, including knowledgeable clinicians, scientists, technologists, and quality experts who represent the entire continuum of cell manufacturing and administration.

In 2005, CordLife became Southeast Asia’s first cord blood bank accredited by AABB (formerly known as American Association of Blood Banks).

Cord blood, that is, blood samples taken from a newborn baby's umbilical cord, is a rich source of hematopoietic stem cells, which are precursors to blood cells. Cord blood has been used to treat certain diseases of the blood and immune system, including lymphoma and diseases related to leukemia.

“The FACT accreditation provides physicians and families with the assurance that Cordlife has the industry’s gold standard,” said CEO Jeremy Yee.

Share Prices

Counter NameLastChange
AEM Holdings3.7300.080
Avi-Tech Electronics0.275-0.015
Best World1.790-0.010
Broadway Ind0.1190.002
China Sunsine0.410-
Food Empire0.6500.030
Fortress Minerals0.345-
Geo Energy Res0.3550.005
Golden Energy0.7750.005
GSS Energy0.047-
ISDN Holdings0.4050.010
IX Biopharma0.127-
Jiutian Chemical0.0760.001
KSH Holdings0.355-
Leader Env0.053-0.007
Medtecs Intl0.147-0.001
Meta Health0.0250.001
Nordic Group0.475-
Oxley Holdings0.1450.001
REX International0.2350.005
Sinostar PEC0.191-
Southern Alliance Mining0.405-
Straco Corp.0.405-
Sunpower Group0.255-
The Trendlines0.0940.001
Totm Technologies0.110-0.004
UG Healthcare0.1990.001
Uni-Asia Group0.8150.015
Wilmar Intl4.0900.030
Yangzijiang Shipbldg1.390-0.020

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1386 guests and no members online