Cordlife

Cordlife: Potential positive sentiment, after grp announced the official launch of Asia’s largest private cord blood storage facility with the inauguration of its new premises at A’Posh Bizhub in Yishun. The new, larger cord blood processing and storage facility has the storage capacity to house up to 650,000 cord blood units, making it the largest private cord blood storage facility in Asia. As a guide, the group had only storage capacity of 35,000 cord blood units when it IPO in Mar 2012. The new facility also enables Cordlife to further entrench its leadership position in the industry and benefit from economies of scale. The 23,000 sf facility is also the first private facility in Asia to adopt Sepax® 2, a Swiss-made automated stem cell processing system that maximises automation while ensuring consistently high cell recoveries.