Any entity that stores biological samples can be called a Biobank. However, the term ‘Biobank’ is most commonly used for entities that store biological specimens on a large scale to provide them as a service for internal or external entities like researchers. Biobanks have to offer unbiased and high-quality samples using well-designed and documented procedures. This ensures a biological specimen is kept in a controlled environment and guarantees the ethical aspect of sample collection.

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https://www.genohm.com/2018/06/11/importance-of-lims-for-biobanks/