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Article: Prop. 71 may make S.D. a stem cell research mecca: measure creates California Institute for Regenerative Medicine.(Biotech)
- Article from:
- San Diego Business Journal
- Article date:
- November 8, 2004
- Author:
CopyrightCOPYRIGHT 2004 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Now that California voters approved an unprecedented $3 billion bond measure to pioneer stem cell research, local scientific community leaders are swiftly jump-starting their efforts to try to make San Diego a hub for cutting-edge science.
Proposition 71, which carried 59 percent of the vote on Nov. 2, creates the California Institute for Regenerative Medicine, which will float $295 million a year to fund 10 years of research from state bond proceeds.
A local campaign to create the institute in San Diego is already under way, said Joseph Panetta, the president and chief executive officer of Biocom, the local life sciences trade group.
Four ...