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Umbilical cord blood or "cord blood" is the blood left in the umbilical cord and placenta after a baby is born. This blood is usually thrown away. It can be saved and stored in a cord blood bank for use in the future. Cord blood contains stem cells. Stem cells are special cells that can be used to treat certain diseases in children and adults. These diseases include some cancers (leukemia and lymphoma), blood disorders (sickle cell and thalassemia major), and other life-threatening diseases. When stem cells are used to treat a disease, it is called a stem cell transplant.