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Cordlife Group faces S$5.45M lawsuit from 109 clients over damaged cord blood due to storage failures.
Cordlife Group faces a S$5.45 million civil claim from 109 clients in Singapore over alleged damage to stored cord blood units due to improper storage, with claims seeking S$50,000 per unit and reimbursement of fees.
The claim, filed December 1, stems from a 2023 Ministry of Health investigation that found temperature issues in storage tanks, leading to a suspension of new collections and processing.
The company, reviewing the claim and its financial impact, has also appointed Mr. Wu Gang as non-independent non-executive chairman amid ongoing regulatory scrutiny and operational challenges.
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El Grupo Cordlife enfrenta una demanda de S $ 5.45 millones de 109 clientes por sangre del cordón umbilical dañada debido a fallas en el almacenamiento.