Cord blood, collected from a newborn's umbilical cord at birth, contains stem cells that can treat diseases such as leukaemia, lymphoma, sickle cell anaemia and certain immune disorders. It has been used in over 60,000 transplants worldwide, with ongoing research exploring its potential in new life-saving therapies.
In the UAE, private cord blood banking can cost anywhere from Dh20,000 to Dh38,000 - prices that are too steep for many expecting families.
Abu Dhabi Biobank, which is operated by global health champion M42, comes in as a game-changer as it offers the service at half the current market rates. Through the facility, families can get their newborns' cord blood stored for as low as Dh7,500.