This is going to be confusing. When we do a bone marrow transplant for a child or an adult with leukemia, we don't want to use their own cells again. On purpose, we want to use cells from somebody else, because part of the treatment is to get immune therapy. That's the reason why we think we cure leukemias with transplant.
When we do a bone marrow transplant for somebody who has a broken blood-making system--somebody who makes bad red blood cells, someone with sickle cell anemia, thalasemia, someone who has a broken immune system--we can't use that person's own cells. If there's private banking for that patient, we can't use that cord blood for that patient, so we're talking about something very different.
When you take a look at reasons for banking privately, you find that the indications are very small at this point in time. The indications for my field are next to zero for treatment of cancers and blood disorders. The purported indications for treatment of cardiac disease, diabetes, or neurodegenerative diseases at this point have no foundation on clinical trial experience and no foundation on clinical experience. Given the speed of development in the field of stem cell sources such as mesenchymal progenitors--cells isolated from other tissues in the body, induced pluripotent stem cells--I am not at all clear whether cord blood will be useful as a tool for these other indications, as opposed to drawing a tube of blood or sampling some fat.