In this Article, Professor Stephen R. Munzer makes a case for limited prope
rty rights in umbilical cord blood. Professor Munzer proposes that the uniq
ue nature of cord blood, distinguishes it from body wastes and qualifies it
as a body part in which property rights vest. Employing a theory of proper
ty, based in part on the articulation of the principles of utility and effi
ciency, justice and equality, and "labor-desert," he explores legal and phi
losophical arguments that justify the acknowledgment of such rights. He als
o discusses concerns over alleged generous granting of patents in the area
of cord blood stem cells in light of these principles. Significant aspects
of health policy are explored with particular focus on the potential value
of using cord blood to treat various diseases and disorders.
Professor Munzer discusses various difficult cases involving the exercise o
f property rights in umbilical cord blood with respect to the interests and
/or motives of newborns, parents, and other parties. He argues that some of
the concerns associated which the commercialization and commodification of
cord blood are not serious enough to warrant significant barriers to marke
t exchanges of property rights in cord blood. In addition, he concludes tha
t the particular nature and harvesting of cord blood do not make its commod
ification morally problematic. Finally, Professor Munzer reinforces his tre
atment of property rights in cord blood by addressing abjections that view
property as "propriety," as a pragmatic institution, or as social relations
.