Cryo-Save sets up Indian operations
This article was originally published in Scrip
Executive Summary
The Cryo-Save Group, Europe's largest adult stem cell storage bank, has launched operations in India. It has set up a wholly owned subsidiary, Cryo-Save India, with an investment of €1.8 million.This is expected to be scaled up to €2 million within a year of operation. Cryo-Save India is headquartered in Bangalore and has a fully automated adult stem cell storage facility with a storage capacity of 150,000 samples, extendable to 300,000 immediately. Cryo-Save processes samples automatically to avoid manual intervention and contamination. The company collects and stores adult stem cells derived from cord blood. The Cryo-Save Group, established in 2000, is headquartered in the Netherlands, and owns, or has access to, laboratory and storage facilities in Belgium, Germany and Dubai.