Cord Blood Registry (CBR) Reports Increased Consumer Demand and Record Sales for First Half of 2005
Cord Blood Registry (CBR), one of the leaders in the rapidly growing market for family cord blood banking, reported record sales and growth in the first six months of 2005 compared to the same period in 2004.
For the first half of 2005, CBR reported:
– Enrollment growth of 122% over the first half of 2004
– Revenue growth of 116% over the first half of 2004
“Rapidly increasing consumer demand, and correspondingly, CBR’s growth, continues to show remarkable results,” said Johnnie Domingue, Cord Blood Registry’s VP, COO, and CFO. “The number of client units stored in this past six months is up by 135% over the first six months of last year and we now store over 350,000 units. It is a clear indication of the strength of CBR, the quality of our service, and the increasing value of saving newborn stem cells for family use.”
































