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Family Bank: Progenics



Progenics Cord Blood Cryobank was founded by Laboratory & Scientific Director Dr. Hongyou Yang. He has over 30 years experience in stem cell banking and has published several articles on cord blood cryopreservation. Progenics uses a unique processing method based on his research. Progenics is based in the Toronto area and their website is available in English, French, and Chinese.

Labs and Locations

Progenics owns their own laboratory at the headquarters address.

Business Experience

Progenics Cord Blood Cryobank was established in 2004 and has processed and stored over 16,000 cord blood samples (June 2014). Progenics privately owns their office, laboratory, and storage facilities. All cord blood is stored in their secure, fireproof facility, which is located in the Greater Toronto Area and is monitored by security and a sophisticated video surveillance system.

Collection Kit

Collection kits are shipped to clients at no extra charge (some conditions may apply).  Pall collection bags, which are sterile both inside and outside, are used for cord blood collection. Pall collection bags can be safely used for either vaginal births or C-sections.

Transportation container

Collection kits contain gel packs to maintain cord blood at room temperature during shipping, and a temperature logger is used to monitor the temperature.

Shipping Info

Cord blood is shipped by a medical courier company: Air Logistics. Shipping is free for hospitals located in the Greater Toronto Area. For other cities, Progenics will pay a portion of the shipping fee to make it more affordable for clients to choose the highest level of courier service (next flight out) offered by Air Logistics to ensure the highest banking quality.

Processing Method

Cord blood is processed using a modified double stem cell extraction technique (double processing), a manual method that was developed by the Laboratory & Scientific Director of Progenics, Dr. Yang. The method has been published in Bone Marrow Transplantation 2001 and in Transfusion 2011

Components Stored

After depletion of red blood cells (by 94%) and volume reduction, Total Nucleated Cells (TNC) are stored. Parents are issued a quality certificate that shows results from cord blood processing.

Storage Method

Cord blood is stored in Pall bags that contain two compartments and segments for testing. To prevent contamination, bags are over-wrapped and cord blood is stored in the vapour phase of cryogenic nitrogen.

Licensing & Accreditation

Progenics is AABB accredited, and is registered with both Health Canada and the FDA.

Clinical Experience

One cord blood sample was released for an autologous transplant in 2007 to treat a baby with neuroblastoma and the child has been healthy since then. 


Storage fees are guaranteed for 20 years. Progenics offers a special discount for low volume collections and a quality of processing guarantee: parents will receive free cord blood banking (including 20 years of storage) if the yield of Total Nucleated Cells (TNC) from processing is less than 85%. No other bank  makes this offer.

Community Service

Progenics has a Directed Donation program if a member of the cord blood donor’s family has been diagnosed with a disease that can be treated with stem cells.


* Progenics total initial cost for cord blood banking is $1220 plus tax. The initial cost includes registration, a collection kit, processing, testing, and the first year of storage.
* Progenics storage options are annual, 10 years, and 20 years.
* Additional siblings banked with Progenics receive discounts of 15% or more.
* Progenics offers a variety of interest-free installment payment options. Please consult the on-line fee calculator.

Address: 701 Sheppard Avenue East, Toronto, Ontario, M2K 2Z3, Canada
Phone Numbers
(Free North America): 1-866-921-1666; (Office): 416-221-1666