Development of the Placenta
1. Implantation completed on D11, blastocyst surrounded by lacunar spaces around cords of syncytial cells
2. From trabeculae, stem villi develop on Day13 connecting chorionic plate with basal plate
3. Primary, secondary and tertiary villi successively develop from stem villi
4. Arterio-venous system develops in mesenchymal core of each villus completed by D21, connecting with intraembryonic vascular system