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State stem cell agency’s first royalties: $15 million from Stanford
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.