Stem cells derived from a human placenta hold the key to unlocking a myriad of potentials in regenerative medicine and are the focus of X-Prize and Singularity University founder Peter Diamandis’ new endeavor.

Called Celularity, the startup is a spinout from Celgene, a global biopharmaceutical company creating gene therapies. Diamandis teamed up with Dr. Robert Hariri, the founder of Celgene Cellular Therapeutics, to create Celularity in the hopes of using stem cells found in the human placenta to quickly regenerate tissue and organs needed to treat cancer and other diseases. The idea is these types of cells can do a better job of helping us live longer, fuller, healthier lives.

It’s a wild proposal and, seemingly, the stuff of science fiction often tossed around in certain Silicon Valley circles — create a startup focused on a medical breakthrough to make us live forever — or at least much, much longer than we currently do. But stem cell technology has been around for some time.

Placental stem cells are even more important as they can be taken from any placenta and injected into any human without the risk of the body rejecting them, according to the company. And, because they are so abundant, treatments are potentially more affordable and can begin immediately.

So far, the startup has conducted several clinical trials and treated “hundreds” of patients, Hariri tells TechCrunch. The next step is to try and gain FDA approval to roll these treatments out on a mass scale.

Read more about this new stem cell startup by Sarah Buhr at TechCrunch