Cordlife lodges police report against ex-employees for potential wrongdoings

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SINGAPORE — Cordlife's board of directors has lodged a police report on April 17 over potential wrongdoings, amid an internal probe.

The company added that it will offer its full cooperation to the relevant authorities for investigations in connection with the police report.SINGAPORE — Cordlife's board of directors has lodged a police report on April 17 over potential wrongdoings, amid an internal probe.

In a bourse filing on April 18, the company said it had convened a COI to conduct internal investigations into why about 2,200 cord blood units in Tank A were damaged. Five remaining tanks that store about 14,000 cord blood units have been deemed low-risk by health authorities, and further testing to generate more statistically significant results are set to be ready in one year's time.

 

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