Cordlife Group Limited is a fast-growing company with an annualized revenue growth rate of 28.8% for the past three years. Number of clients also grew 33% to 21,085 in 2015 from the previous year. Those are impressive numbers, but what is Cordlife’s nature of business?
Cord blood banking.
When a baby is born, the umbilical cord that is cut after delivery contains cord blood. Cord blood is a very rich source of hematopoietic stem cells. Cord blood stem cells are currently used to treat blood and immune system related genetic diseases, cancers, and blood disorders. Due to its numerous benefits, Cordlife collects and stores cord blood (immediately after the birth of a baby) for clients who wish to save it.
What are the chances you might need your cord blood in the future? According to the company, 1 in 217 persons may need stem cells for treatment in their ......