Umbilical Cord Blood Bank Storing Thousands of Samples in Rishon Letzion Furniture Warehouse

Health Ministry audit finds that Biocord, a company providing biological insurance policies, has been carrying out activity lacking proper approvals and lying to customers about sample storage locations.

Stowed away in a Rishon Letzion furniture storage center are two freezers that contain thousands of umbilical cord blood samples. They belong to Biocord, also known as LifeBank one of the four private companies in Israel that signs up expectant parents, who pay the company to collect stem-cell rich umbilical cord blood from their newborns and stash it away as part of what the companies term a biological insurance...