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Cancer Commentary - Caring About Cancer

Karmanos Cancer Institute, Received $250,000 From J.P. McCarthy Fund

by Gloria Gamat on July 31st, 2008

The Barbara Ann Karmanos Cancer Institute has received a $250,000 multi-year grant from the J.P. McCarthy Fund of the Community Foundation for Southeast Michigan to benefit its J.P. McCarthy Cord Stem Cell Bank.

The grant, which will be given in $50,000 increments over five years, will help enhance the collection area and expand the capacity to help people in need of cord stem cell transplants - non-embryonic stem cells that are extracted from the umbilical cord and placenta following the birth of a child.

The J.P. McCarthy Cord Stem Cell Bank at the Karmanos Cancer Institute is one of two public cord blood banks in Michigan and the only center in the state with the National Marrow Donor program registry designation that requires compliance with the highest standards in cord blood banking.

Read more from MarketWatch.

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