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What is Umbilical cord blood, is it stored, is it useful, & What is its relationship to stem cells?

What is Umbilical cord blood, is it stored, is it useful, & What is its relationship to stem cells?

Blood-forming stem cells obtained from umbilical cord blood are primary cells found mainly in the bone marrow, and they are able to develop into the three types of blood cells: red blood cells, white blood cells, and platelets. The umbilical cord can form other types of body cells.

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