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Welcome message from the new President

Dear valued clients and expecting parents,

It is with immense honour that I assume the role of CEO and President of Progenics Cord Blood Cryobank, a company founded by my parents two decades ago. I am deeply grateful for the chance to propel the field of regenerative medicine forward by safeguarding the stem cells of 24,000 in the community who have entrusted us with this vital responsibility.

For those who are currently considering which bank to choose, please know that I am fully committed to maintaining the highest standards of quality in processing and cryogenic storage for your family’s stem cells.

At Progenics we take pride in offering the innovative “double extraction technique” for cord blood, a technique our lab developed and exclusive to our facility. This method maximizes the amount of stem cells collected, ensuring the best possible outcome. Our processing results, which we publish annually on our website, consistently demonstrate a yield of 95 ± 3% - the highest in the industry.

As a family run business, we understand how important it is that stem cells are processed as soon as possible to reduce loss of precious stem cells during transit. This is why we keep our stem cell processing and storage facility in Toronto to serve Canadians. We are dedicated to upholding our Canadian roots and will never entertain offers to sell the business.

My vision for the future is to advance longevity and stem cell research in the field of regenerative medicine. I envision a world where your child’s banked stem cells become invaluable assets in the fight against chronic conditions that may arise in old age. Stem cells should not merely serve as an insurance against rare childhood disorders but regarded as investments in the hope that ongoing research will render them indispensable in maintaining or even better rejuvenating our physical and mental well-being. Rest assured that all profits will be reinvested back into the company to further this goal.

Thank you for considering Progenics Cord Blood Cryobank for your stem cell banking needs. We look forward to the opportunity to serve you and your family and to play a role in securing a healthier future for generations to come.




Dr Andrew Shuen MD, PhD

CEO/President of Progenics

Medical Geneticist and Longevity specialist

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