Stem cell banks see a boom year ahead.

from BUSINESS LINE, February 24, 2011 Bangalore, Feb. 23 - Stem cell banks, the businesses that store the special growth cells of a newborn's umbilical cord, are readying for a boom year in the country.

They peg this to the increases each saw in the number of parents who banked their babies' cells during 2010. Three of the top five banks registered a growth of between 50 and 300 per cent.

Key players expanding Of the key players in the country, Cryo-Save India said it was increasing its sales and marketing efforts; LifeCell of Chennai would spread out to small cities, while Kolkata's Cordlife mulled incentives for new clients.

"There is a spurt in cord …