PharmaStem Sues Five Rivals Over Umbilical Cord Blood Banking

Law360, New York (February 12, 2004, 12:00 AM EST) -- PharmaStem Therapeutics filed a patent infringement in the U.S. District Court for Northern District of California against five companies active in umbilical cord blood banking, a lucrative and fast-growing medical procedure.

The company named Alpha Cord, Inc., Cord Partners Inc., Cryobank for Oncologic and Reproductive Donors, Inc., Cryobanks International, Inc. and New England Cord Blood Bank, Inc. as defendants.

According to the complaint, the five companies have infringed PharmaStem’s patent portfolio covering inventions in the collection, preservation and growth of umbilical cord and placental blood for...
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