cord blood banking

Cordlife will now pay up to S$50,000 in damages to customers whose cord-blood units are deemed non-viable for approved transplants due to the company's negligence, wilful default or fraud, if it is unable to find a suitable replacement unit.

Cordlife offers enhanced support to clients affected by damaged tanks in Singapore

The cord-blood bank says it cannot assure profitability this year, given estimated costs and pace of recovery since operations resumed in January

Cordlife says it will not be submitting written representations to MOH's notice to resume its operations "in a controlled manner".

Companies & Markets

Cordlife accepts MOH notice on licence change to resume cord-blood banking services

It will be allowed to collect, test, process and/or store no more than 30 units of new cord blood per month from Sep 15 to Jan 13, 2025

Cordlife says it will disclose more details when it announces its unaudited first half results on or before Aug 14.

Companies & Markets

Cordlife warns of H1 net loss amid MOH investigations

The company says there is no certainty on the outcome of the ongoing inquiries

The beleaguered private cord-blood bank has been grappling with the financial impact of refunding customers whose cord-blood samples were compromised by irregular temperatures in its storage tanks.

Companies & Markets

Cordlife’s overseas units obtain re-accreditations

The re-accreditations are from the Association for the Advancement of Blood & Biotherapies, which sets standards for blood banking, transfusion medicine, blood management and cellular therapies

Cordlife says it will work to expedite potency testing, in addition to other rectification efforts.

Companies & Markets

MOH extends Cordlife suspension by up to 3 months

The move follows checks by the health ministry made in April and May 2024

This is the first letter of demand received by the company from legal representatives of an affected client.

Companies & Markets

Cordlife served letter of demand, notice of claim from customers

It says it was unable to determine the exact financial impact of the letter of demand at this juncture

Cordlife Group suspended for 6 months after the Ministry of Health found lapses in its cord blood storage tanks.

Podcasts

BT Mark to Market: Is this the end for Cordlife? (Ep 40)

Cordlife Group is in deep water. How did it all go down? Can the company really come back from this crisis? Ben Paul sits down with reporter Megan Cheah to find out.

Cordlife says samples from the remaining unaffected tanks will also undergo testing in due course, and affected clients will be notified as soon as their relevant test results are available.

Companies & Markets

Cordlife to send all affected tanks’ samples to third-party lab by Thursday; testing takes 3 to 6 weeks

CORDLIFE Group will send the cord-blood samples from all affected tanks to a third-party laboratory by Thursday (Jan 18). Seven of its 22 cord-blood storage tanks had earlier been found to be kept at ...

Cordlife’s report to SGX RegCo noted more than 10 episodes between November 2020 and July 2022 when certain tanks had out-of-range temperature fluctuations.

Consumer & Healthcare

Cordlife probe finds temperature in one tank went as high as 20.4 deg C in 2021

It’s trying to find out why critical incidents involving several storage tanks were not immediately reported

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