Dr. Ian Rogers is featured in this video speaking to an audience at the inaugural StemCellTalks symposium.
In this part, Rogers discusses the main differences between private and public cord-blood banks, noting in particularly the different cost structures associated with each model.
The key take-aways:
Private Bank: >98% of received samples banked
Public Bank: ~50% of received samples banked
Private Bank: Sample owned by family
Public Bank: Sample owned by the stem cell bank
Private Bank: $1500-$2000 up-front cost, ~ $150/year after
Public Bank: No cost to donor
Private Bank: No cost to release sample
Public Bank: $25,000 - 30,000 to release sample
Private Bank: Any hospital can access sample for family
Public Bank: Only select hospitals can access the sample
What is private stem cell banking?
For a fee, a private stem cell bank will collect, process, freeze, and store your family's stem cells umbilical for future medical use. There are two potential ways that your family might use privately stored stem cells.
One is if someone in your family needs a stem cell transplant to treat a certain potentially fatal disease, such as leukemia, sickle cell anemia, lymphomas, or an immune deficiency.
The other possibility is that your chiuld might need his or her own stem cells for one of the new therapies in which stem cells help children with developmental problems to heal themselves. Babies and young children in the United States are currently being given their own cord blood in clinical trials to develop therapies for cerebral palsy, hydrocephalus (fluid in the brain), oxygen deprivation at birth, traumatic brain injury, sensorineural hearing loss, and type-1 (juvenile) diabetes.
Private stem cell banking is a way for families to save their stem cells exclusively for their family. Public stem cell banks don't store donations for a particular person. Instead, the banked stem cells are available to anyone needing a stem cell transplant, or it may be sold for medical research.
To find out more about how stem cells are collected and what it's used for, see our overview of stem cell banking.