Ireland is the latest to join a number of countries looking to provide stem cell banking at a national level to offer it's population "bio insurance" protection.
"In my career, I worked with children who would be alive today if more stem cell banks had been available."
The Vatican's adviser on stem cell issues said like all countries in Europe, Ireland must be ready for new treatments.
The Adult Stem Cell Foundation of Ireland is one of many new efforts dedicated to providing awareness and information about adult stem cells, research, development and therapies, as well as supporting people in need of or undergoing stem cell therapy. It will also back the development of an all-Ireland stem cell bank and to support adult stem cell research and development.
Adult stem cells are found in bone marrow, peripheral blood, umbilical cord blood, skeletal muscle, skin and teeth. They have been used to successfully treat leukaemia and related blood cancers for years.
Umbilical cord blood and bone marrow treatments have seen the highest success rate to date and can treat leukaemia, lymphoma, sickle cell disease, thalassaemia and immune deficiencies and the others are catching up fast. More than 70 diseases are treatable with cord blood and over 15 clinical trials are under way for new conditions.