Tag Archives: taxpayer funding
Geron Bails on Stem Cell Project
Last month a leading American research company abandoned the world’s first clinical stem cell pilot program. Officials claim money troubles have forced the first company doing a government-approved test of embryonic stem cell therapy to discontinue further human stem cell programs and lay off much of its staff. Nov. 14 Geron Corp., the world’s leading embryo research company, announced it is eliminating 66 full-time jobs, or 38 percent of its staff.
The Menlo Park, California-based company blamed the pull out on the high costs and bureaucracy of stem cell research and ‘uncertain economic conditions’. Some never believed the treatment really …
Former MIT Professor Stops Obama’s Embryonic Stem Cell Policy
A U.S. district court issued a preliminary injunction on Monday, stopping the federal funding of human embryonic stem cell research in the Obama administration’s new guidelines.
The court ruled in favor of a suit filed by Dr. James L. Sherley, a former MIT professor and scientist, and other researchers who said human embryonic stem cell research involves the destruction of human embryos. They also made the very sensible argument that funds plowed into useless ESC research are depriving life-saving research and cures with adult stem cells.
Judge Royce Lamberth granted the injunction after finding that the lawsuit would likely …
California’s Stem Cell Failure
It was following California’s passage of Proposition 71 that Illinois felt the need to start funding embryonic stem cell research with taxpayer money. However, after five years, California’s budget-busting $3 billion embryonic stem cell research project has yielded no cures, no therapies and little progress, explains Investors.com.
The backers of Prop 71 are now admitting failure. “The California Institute for Regenerative Medicine, the state agency created to, as some have put it, restore science to its rightful place, is diverting funds from ESCR to research that has produced actual therapies and treatments: adult stem cell research. It not only …
