Italicized above are Gingrich's actual words. Note the underlined section. That is what Gingrich thinks. Now, someone can say he is wrong about placental blood being a source of embryonic stem cells, but they can't deny that he thinks they are, and that he opposes loss of life.
There are a lot of people who think stem cells from cord blood, placenta, etc, are “embryonic,” though they are adult stem cells. And I do think that Newt is opposed to the taking of innocent lives, at whatever stage of development, for someone else’s medical benefit.