Posts Tagged: $3 billion agency
Stem cells for treating cancer in microtubes. (Image: Science Photo, via Shutterstock)
Backers of the financially stressed California stem cell agency yesterday filed their proposed ballot measure to refinance the agency with $5.5 billion if voters approve it in November 2020. The complex, 30-page initiative would also restructure a number of aspects of the agency and provide for financial assistance for patients and their families who might be involved in clinical trials.
Human embryonic stem cells. (Photo: California Institute for Regenerative Medicine)
California’s 12-year-old stem cell research effort is expected to give away tens of millions of dollars in public this week, but its most important matters — issues that deal with its survival and future — likely will be discussed behind closed doors at a meeting Thursday of its governing board. On the table is the leadership of the $3 billion organization, which is scheduled to run out of cash in just three years.