Famicord Group continues international expansion

Yasam is the oldest Turkish stem cell bank and has been operating for over 10 years. Yasam, like all FamiCord Group banks, has the highest quality standards. By 2013, it had provided on 4 occasions deposited umbilical cord blood to treat children. Yasam has its own specialized laboratory, providing the highest standards of quality class GMP laboratory located in Ankara.

Turkey is one of the 20 largest and fastest-growing economies in the world. Turkish society is very young, the average age is 29.7 years. Turkey also boasts a high birth rate, in 2010 it was reported to be 2.08. More than three-quarters of Turkish citizens are living in rapidly developing cities, five of which (Istanbul, Ankara, Izmir, Bursa, Adana) have more than two million inhabitants. Turkey is currently in the dynamic phase of growth.

"With this transaction, the Group FamiCord strengthens its position as European leader. What's more - we see great potential for development of the Turkish company, which, from the beginning of its activity, has gained a large share of the Turkish market. The company currently occupies 3rd position among stem cell banks operating in Turkey. We believe that with our support it will be able to accelerate the pace of development." - said Jakub Baran, CEO of FamiCord Group, justifying the bank's decision. "The key to success is a management team which has a vision" - he added. The company will focus on business development, and building awareness of the family cord blood banking in Turkey.