Stem cells are undifferentiated cells that can develop into many different cell types. There are two main types: embryonic stem cells found in embryos, and adult stem cells found in tissues. Stem cell therapies work by isolating healthy stem cells and transplanting them into damaged areas where they develop into replacement cells and tissues. Some applications discussed include using cord blood stem cells to treat leukemia, dermal papilla stem cells to treat baldness, and dental pulp stem cells to regenerate teeth. However, the use of embryonic stem cells raises some ethical issues.