Cryo save file

There are many legal and financial records in the public domain which document that Esperite NV the parent company of Cryo-Save since has been losing money for years. By the end of , the liabilities of Esperite exceeded their assets. The market cap of Esperite has dropped to a few million Euro. Other cord blood banks in Europe have been watching the downfall of Cryo-Save with dismay. If the stored inventory of Cryo-Save were to be lost or substantially damaged, this would not only be devastating for the client families, but it would also create negative publicity that would have a chilling effect on the entire cord blood banking industry.

Even public cord blood banks would be hurt by such an event, because when parents hear negative news about cord blood banks, they do not necessarily understand that there are distinctions between public versus family banks. Negotiations began 22 Feb , broke down 29 May , were resumed 13 June , and broke down again 25 June This information is in the public domain. Customer contracts with Cryo-Save are valid and Famicord will honor the prepaid storage periods.

Parents impacted by this move should have received notifications from Cryo-Save in June The ultimate fate of Cryo-Save is yet to be determined. At present none of the Cryo-Save cord blood laboratories in Europe are operating. The Cryo-Save offices in various countries are not responding to inquiries.

I believe that any scenario is possible, including re-start of Cryo-Save, emerging a new company within Esperite Group banking cord blood, sanitation of Cryo-Save, or others — more negative. Quick Links. Profile Complaints. Cryo-Save India Website cryosave. Cryo-Save India. Complaints recently resolved by Cryo-Save India customer care View all complaints. Not on time to delivery.. Bad Service. Think twice before approaching cryo save.

Most useful Cryo-Save India reviews 2. Yamini Vinay. Sunil Pratap. This is to bring to your kind notice My name is Ujjwal Kumar i was associated with your Organisation in the year at Delhi Be the first one to find this review helpful.

Write a comment. Apr 19, This thread was updated on Apr 19, Read full review. Apr 19, Post your Comment Comment Guidelines. Add Image. By clicking Submit you agree to our Terms of Use. Dec 6, This thread was updated on Dec 6, He had registered with cryosave for storing the stemcell and cord blood.