Posts Tagged: royalties
A Liquid Nitrogen bank containing suspended stem cells. (Photo: Elena Pavlovich)
California’s multibillion-dollar, cell and gene therapy program has a special spot in the pantheon of the hundreds of government departments in the Golden State. It is immune from the normal oversight of the governor and state lawmakers. Its cash — now set at $5.5 billion over the next decade — flows freely and directly to the stem cell agency with no inconvenient meddling by elected officials.
Stanford University, where major stem cell research is being conducted.(Photo: yhelfman, via Shutterstock)
The California stem cell agency says it has received $15.6 million in royalties from Stanford University, the largest such payment by far in the 17-year history of the state research agency. Until the announcement, the agency, officially known as the California Institute for Regenerative Medicine (CIRM), had received only $557,292 in royalties.
A researcher examines meat cultured in laboratory conditions from stem cells. (Photo: Alex_Traksel, via Shutterstock)
California’s $12 billion stem cell agency needs to do better in several critical areas, ranging from planning for the replacement of its current chair to handling information that is key to its operations as well as the tracking of potential sources of royalties. That’s according to that latest performance audit of the 17-year-old agency.
Gov. Brown summarily rejected the notion of a per-barrel tax on California oil as it comes from the ground, a move that sharply limits the political options of the tax’s backers who hoped to get a bill through the Legislature to raise perhaps $2 billion annually.
Strawberries in a Castroville, Calif., field
It’s all berry interesting: Strawberry growers are literally being cheated out of the fruits of their labors by the University of California, according to a lawsuit filed against the Board of Regents by the California Strawberry Commission. UC Davis is ending its strawberry breeding program and replacing it with a private company created by its two long-time strawberry researchers. (Photo: Dana Payne)