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After collection the cord blood units must be immediately shipped to a [[cord blood bank]] facility. At public cord blood banks, this blood is then analyzed for infectious agents and the tissue-type is determined. Cord blood is processed and depleted of red blood cells before being stored in [[liquid nitrogen]] for later use.
New parents have the option of storing their newborn's cord blood at a private [[cord blood bank]] or donating it to a public cord blood bank. The cost of private cord blood banking is approximately $2000 for collection and approximately $
"According to research in the Journal of Pediatric Hematology/Oncology (1997, 19:3, 183-187), the odds that a child will need to use his or her own stem cells by age twenty-one for current treatments are about 1:2,700, and the odds that a family member would need to use those cells are about 1:1,400." <ref name="CBR">{{cite web | author=Cbr Systems, Inc. | year=2006 | url=http://www.cordblood.com/cord_blood_banking_with_cbr/common_misconceptions/index.asp | title=Common Misconceptions About Cord Blood Banking | work=[http://www.cordblood.com/ Cord Blood Registry] | accessdate=September 20 | accessyear=2006}}</ref>
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