CHICAGO--(BUSINESS WIRE)--GTCR, a leading private equity firm, announced that it has completed the previously announced sale of its portfolio company Cord Blood Registry (“CBR” or the “Company”) to AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG), a specialty pharmaceutical company that focuses on maternal health and hematology, for $700 million.
Founded in 1992, CBR is the world’s largest newborn stem cell company, entrusted by parents with storing over 600,000 stem cell samples. CBR is dedicated to supporting the clinical application of cord blood and cord tissue stem cells by partnering with institutions to establish FDA-regulated clinical trials for conditions that have no cure today. The Company provides services which enable expectant families to preserve their child’s umbilical cord blood stem cells and cord tissue samples for potential future medical use by the child or a related family member. CBR has helped a significant number of families use their cord blood stem cells for established and experimental medical treatments. The Company’s goal is to expand the potential scope of newborn stem cell therapies that may be available to patients and their families.
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