CBAI in doing DD wantted to show the growth of the company &
just in yearly residuals is over $3 mil. ocer 30,000 samples stored as of January 2012. Must be 35-40K by now. Company is greatly undervalued & due for a buyout by probably Cord Blood.
The #'s below are from an article I found in Vegas. Been to the facility this is gonna be big. 10K states they are now profitable.
Parents pay $2,075 for the kit, courier fees and one year’s storage. CorCell charges a $125 annual storage fee after that. Some insurance companies offer discounts. CorCell has been in business for six years and stores about 30,000 samples; Geoffrey O’Neill, the vice president, says he recalls seven or eight samples being pulled for use. A CorCell customer service representative later estimated this at 25 to 30 samples.
Inside the Cord Blood America facility, quotes painted on the walls are the first thing to capture the visitors’ attention: “The entire history of science is a progression of exploded fallacies,” proclaims Ayn Rand on one wall. “Do or do not, there is no try,” says Yoda on another. On another wall, Mickey Rooney offers some advice: “You always pass failure on the way to success.”
