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Stem cell money flows, as search expands for ‘miraculous’ cures
Photo illustration of a doctor analyzing stem cells. (Image: CI Photos, via Shutterstock)California’s stem cell agency, created as a way to develop revolutionary cures based on human embryonic stem cells, has awarded $316 million over the last 12 months, most of it backing a type of therapy that was not even on the agency’s radar when it was created in 2004.