Los Angeles (November 2005) - In response to an ever-increasing demand from families for umbilical cord blood storage, stem cell and sperm bank services, California Cryobank (CCB), one of the oldest and largest reproductive tissue banks in the world, together with its subsidiaries, Family Cord Blood Services (FCBS), an umbilical cord blood processing and storage company and California Cryobank Stem Cell Services (CCSCS), a leading provider of professional services to stem cell transplant centers and their patients, announced today their relocation to a company-owned, new state-of-the-art facility in Los Angeles, CA.
"We are committed to our mission of helping to start and protect families, and are excited to be relocating to such an ideal facility. This new and larger building will enable each of our corporate divisions to better serve families' growing reproductive and cord blood banking needs. Our new facility will expand our technological reach and provide us the capacity to grow all of our services to meet the needs of the thousands of families we serve," says Gary Weinhouse, CEO of CCB and subsidiaries.
"Our new facility will help us apply the latest cryogenic technologies and will enhance our ability to provide state of the art resources for our clients. This custom-built facility sets a new standard for similar laboratories around the country," says Dr. Charles Sims, co-founder of CCB and subsidiaries.
"California Cryobank's expansion within Los Angeles County is an acknowledgement of the size and strength of the local bio-medicine industry, but also a vote of confidence in the future of Southern California's economy," says Jack Kyser, Senior Vice President and Chief Economist of the Los Angeles County Economic Development Corporation.
With more than twice the combined space of the former sperm bank and cord blood laboratories, the "crown jewel" of the facility is the Cryogenic Storage area. This contains the liquid nitrogen storage tanks. It was designed and constructed as a "building within a building" surpassing existing safety and disaster codes. It is divided into two separate spaces. One is for the storage and preservation of reproductive tissues such as sperm, embryos and female reproductive cells. The other for stem cells which include umbilical cord blood stem cells, and other stem cells such as those from bone marrow and peripheral blood. This area is set apart from the rest of the building and can be viewed through a stunning curved glass wall with each storage unit illuminated with special lighting.
With the purchase and reconstruction of this building, the company is expanding its commitment to remaining in Los Angeles, and playing an important role in its growing biotech industry. Said co-founder Dr. Cappy Rothman, "We expect to be able to continue attracting leading scientists and professionals. This will help Los Angeles to remain an important center for our industry."
About California Cryobank, Inc.
Founded more than a quarter century ago by Dr. Charles Sims and Dr. Cappy Rothman, both highly respected worldwide in their respective fields of pathology and andrology, California Cryobank (CCB), the world's leading reproductive tissue bank, provides sperm bank services worldwide. In providing conventional and open sperm donor programs, long-term semen, embryo and frozen egg storage and male infertility testing services, the physician owned company has been in business for over 28 years, and has built a reputation for providing high-quality and caring service. For more information, visit, www.cryobank.com.
FamilyCord was founded as a division of CCB eight years ago by the same veteran team of physician visionaries that earned CCB its global reputation of excellence. Today, FamilyCord is the only private cord blood processing and storage company that is both owned and operated by two nationally renowned physicians, affording it much-valued medical oversight of all functions. FamilyCord's sophisticated process of stem cell freezing in cord blood processing and storage serves families throughout the US and worldwide. FamilyCord's staff includes on site licensed clinical laboratory scientists with extensive blood banking experience. In 2005, FamilyCord was the first private cord blood bank to create a Private/Public Donation Option that enables FamilyCord clients the ability to store their baby's cord blood for their own family, while at the same time making it possible to provide their potential life-saving umbilical cord blood stem cells for others in need in the future. The company holds a biologics license by the State of California, a tissue bank license from the State of New York and is accredited by the American Association of Blood Banks (AABB). Its facility is registered with the Food and Drug Administration. For more information, visit www.familycord.com.
About California Cryobank Stem Cell Services
California Cryobank Stem Cell Services, Inc. (CCSCS) was founded as a division of CCB approximately eight years ago, and is a leading provider of professional services to stem cell transplant centers and their patients. CCSCS is dedicated to the processing and long-term storage of hematopoietic progenitor cells (HPC), which are used in an increasing number of patient treatments. For more information, visit www.stemcellservices.com.