Posts Tagged: $3 billion agency

Stem cell agency officially files $5.5 billion ballot measure

Stem cells for treating cancer in microtubes. (Image: Science Photo, via Shutterstock)

by DAVID JENSEN posted 10.11.2019

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.

Stem cell agency faces leadership challenge

Human embryonic stem cells. (Photo: California Institute for Regenerative Medicine)

by DAVID JENSEN posted 06.27.2017

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.