CGS-authored
State's biggest benefit may be 20 years away
Expectations of huge financial and medical returns on California's $3 billion investment in stem cell research are unrealistic and based on overblown analysis, according to a study by a panel of research, business and academic professionals.
The biggest benefit Californians can expect to reap from their investment _ improved quality of life for people living with devastating diseases _ is at least 20 years away, the report said.
In the meantime, the state should quickly make basic scientific discoveries and tools made with the taxpayers' investment available to the broad scientific community to further stem cell research, the report said. It added that California should follow federal policy when determining who should own and profit from the research discoveries, also referred to as intellectual property.
Generally, that federal policy allows research institutions to own all discoveries and keep the money it collects from licensing them.
Consumer groups and state Sen. Deborah Ortiz, D-Sacramento, one of the original supporters of Proposition 71, criticized the report for failing to suggest a mechanism that would...
Expectations of huge financial and medical returns on California's $3 billion investment in stem cell research are unrealistic and based on overblown analysis, according to a study by a panel of research, business and academic professionals.
The biggest benefit Californians can expect to reap from their investment _ improved quality of life for people living with devastating diseases _ is at least 20 years away, the report said.
In the meantime, the state should quickly make basic scientific discoveries and tools made with the taxpayers' investment available to the broad scientific community to further stem cell research, the report said. It added that California should follow federal policy when determining who should own and profit from the research discoveries, also referred to as intellectual property.
Generally, that federal policy allows research institutions to own all discoveries and keep the money it collects from licensing them.
Consumer groups and state Sen. Deborah Ortiz, D-Sacramento, one of the original supporters of Proposition 71, criticized the report for failing to suggest a mechanism that would...