, Singapore
541 views
Photo by Louis Reed on Unsplash.

Cordlife faces $5.45m in claims over 109 damaged cord blood units

It was ordered by the court to pay clients $50,000 per damaged unit.

Cordlife Group Limited is directed to pay its clients who have stored 109 cord blood units (CBUs) $50,000 per damaged unit for failure to properly store and preserve the CBUs.

The claims amounted to a total of $5.450m, according to a bourse filing.

Cordlife, which was found negligent, breached contract when it damaged the CBUs, it added.  

The claims made were received by Cordlife in March 2025.

The claimants were clients of the company whose CBUs are stored in the damaged and high-risk tanks, the filing added.  

Cordlife will update its shareholders on developments related to the case, it said. 
 

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.