This is a phase I trial followed by a phase II randomized trial. The purpose of phase I study is the feasibility of treating patients with acute respiratory distress syndrome (ARDS) related to COVID-19 infection (COVID-19) with cord blood-derived mesenchymal stem cells (MSC). The purpose of the phase II trial is to compare the effect of MSC with standard of care in these patients. MSCs are a type of stem cells that can be taken from umbilical cord blood and grown into many different cell types that can be used to treat cancer and other diseases. The MSCs being used for infusion in this trial are collected from healthy, unrelated donors and are stored and grown in a laboratory. Giving MSC infusions may help control the symptoms of COVID-19 related ARDS.
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Incidence of composite serious adverse events (Phase I)
Timeframe: Within 30 days of the first mesenchymal stem cell (MSC) infusion
Patients alive without grade 3, 4 infusional toxicity (Phase II)
Timeframe: At day 30 post MSC infusion
Patients alive with grade 3 or 4 infusional toxicity (Phase II)
Timeframe: At day 30 post MSC infusion
Patients not alive (Phase II)
Timeframe: At day 30 post MSC infusion