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Cord blood is a sample of blood taken from a newborn baby's umbilical cord. It is a rich source of hematopoietic stem cells, which are precursors to blood cells. As such, they have been used to treat certain diseases of the blood and immune system. The next largest group is inherited diseases (of red blood cells, the immune system and certain metabolic abnormalities.) Patients with lymphoma, myelodysplasia and severe aplastic anemia have also been successfully transplanted with cord blood.