Owner of Israeli Umbilical Cord Blood Bank Threatens to Cut Off Nitrogen Supply

Miki Shacham, owner of Biocord, is demanding more money from parents to relocate cord blood; Ministry of Health calls for him to be held in contempt of court.

The CEO and owner of the Israeli umbilical cord blood bank Biocord, also known as LifeBank, told thousands of customers last Thursday evening that beginning on Sunday, no more liquid nitrogen would be pumped to the freezers storing the umbilical blood from their children. He also announced that he would not be in further contact with customers.