I have been the very fortunate recipient of good health my entire life which makes me less in tune than most with the latest developments and innovation in the medical field. A family friend has a niece attending a school where a strong emphasis on cord blood and stem cell research has been implemented. I won’t attempt to explain the progress or benefits that have occurred due to the research, but I do know my niece is so sold on it that she is thinking about dropping out of medical school with only one year remaining!!
Why? She wants to open a cord blood bank. She claims that the number of diseases that can be treated or cured by cord blood stem cells is literally increasing daily!!! Sure, she is chasing after the almighty dollar, but could be saving or improving the lives of many in the process. Just like Adam Smith’s invisible hand predicted, individuals acting “selfishly” are magically directed to the common good.
My niece tells me physicians and researchers have begun to make progress evaluating the safety and effectiveness of umbilical cord blood stem cells for certain therapeutic uses beyond the original research associated with blood cancers and genetic diseases of the blood. Gosh I wish I had been as on the ball as she is now when I was 25.