Cord Blood America, Inc. (CBAI) Acquires NeoCells Assets
Friday, Cord Blood America, Inc. announced that it had gained the assets of NeoCells for $320,000 during a foreclosure procedure. NeoCells is a subsidiary of Evanston, Illinois company ViviCells International, Inc. Cord Blood America, parent company of CorCell, is an umbilical cord stem cell preservation company that works with parents who are expecting children. Aiming to be the "most respected stem cell preservation company in the industry", Cord Blood collects stem cells from the umbilical cords of expectant mothers through a non-invasive process. Matthew Schissler, co-founder and CEO of Cord Blood America said, "This is good news for our growth.…