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Technology Place, BCIT Campus, 4475 Wayburne Dr., Ste. 200 Burnaby, British Columbia V5G 4X4, Canada Tel. 604-738-2722 Toll Free 888-888-7836 Fax 604-738-2726 |
Type: Public
On the web:
http://www.lifebank.com
Employees:
22
Employee growth: 0.0%
To Lifebank, umbilical cord blood is not just a lifeline; it's biological insurance. Formerly Lifebank Cryogenics, the company is a Canadian cord blood bank that collects and cryopreserves umbilical cord blood stem cells for private clients. Because they are able to regenerate bone marrow, hematopoietic stem cells found in umbilical cord blood allow the cord blood to be used in place of bone marrow transplants. Parents can choose to have their newborn's umbilical cord blood stored for potential future use to treat, according to Lifebank, various types of leukemia, anemia, Hodgkins disease, and non-Hodgkins lymphoma. The company has been in operation since 1996 and is approximately one-third owned by managment.
Key numbers for fiscal year ending May, 2008:
Sales: $2.2M
One year growth: 17.4%
Net income: $0.8M
Income growth: 1779.7%
Officers:
Chairman: James (Jim) Trotman
President, CEO, and Board Member: F. Ernest Stacey
CFO: Owen Ross Granger
Competitors:
Cbr Systems
CorCell
Cryo-Cell
