cord blood

blood from the placenta drawn through the newly severed umbilical cord, collected for study or for possible transfusion to treat disease in the child. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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American Heritage
Medical Dictionary

cord blood n.
Blood present in the umbilical vessels at the time of delivery.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Example sentences
Scientists have found that umbilical cord blood may be a new source of
  organ-growing stem cells.
Some types can be derived from umbilical cord blood, adult bone marrow, or
  possibly even adult skin.
Many articles have said cord blood, marrow cells, and skin cells can be used
  and are better than embryonic cells.
One of the best and non-controversial sources of stem cells remains umbilical
  cord blood.
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