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Stem cell agency okays $150 million ‘powerhouse’
Examining a liquid nitrogen bank containing suspended stem cells. (Photo: Elena Pavolvich) Directors of California’s stem cell agency this morning approved financing terms for a proposed, $150 million, public-private company that the agency hopes will accelerate the creation of long-sought stem cell therapies. The plan to create a stem cell “powerhouse” is likely to be one of the landmark legacies of the state’s $3 billion research effort — for better or worse.