Bio-Matrix Scientific Group Inc. (BMXP) announced today that it has signed a Strategic Alliance with Cord Blood America. Through this alliance, Cord Blood America will be marketing Bio-Matrix Scientific Group’s adult adipose stem cell banking and cryogenics services in addition to Bio-Matrix’s cord blood stem cell banking.

Bio-Matrix’s Chairman & CEO David Koos stated: “The relationship we are evolving with Cord Blood America is the beginning of a new direction for stem cell banking. Together, Cord Blood and Bio-Matrix are taking stem cell banking from just cord blood into a new direction, the banking of adipose stem cells. In our opinion, these stem cells show great promise for the future in regenerative medicine. We believe Bio-Matrix’s facility will be the first U.S. commercial stem cell bank housing adipose stem cells.”

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