Aggregated News
PROP. 71 SUPPORTERS SAY IT WILL GROW LIFE SCIENCE INDUSTRY
What does $3 billion worth of medical research buy you?
Only three to four new therapies, according to an analysis of Proposition 71 financed by supporters of the Stem Cell Research and Cures Initiative.
The payoff, the analysis argues, is not in new medicines but new businesses.
``The upside is in the potential for new businesses that would not otherwise be in California,'' said Laurence Baker, associate professor of health research and policy at Stanford, who wrote the analysis.
Opponents, though, question whether the state should even be in the research business, and say California can't afford such an expense given its huge budget deficit.
The $3 billion bond issue, if passed, would make California the nation's largest source of funding for embryonic stem cell studies. It would spend $300 million a year to create the California Institute for Regenerative Medicine to fund research. The sum is 12 times more, per year, than the federal government spends on embryonic stem cell research, and 18 and 33 times what the state...
What does $3 billion worth of medical research buy you?
Only three to four new therapies, according to an analysis of Proposition 71 financed by supporters of the Stem Cell Research and Cures Initiative.
The payoff, the analysis argues, is not in new medicines but new businesses.
``The upside is in the potential for new businesses that would not otherwise be in California,'' said Laurence Baker, associate professor of health research and policy at Stanford, who wrote the analysis.
Opponents, though, question whether the state should even be in the research business, and say California can't afford such an expense given its huge budget deficit.
The $3 billion bond issue, if passed, would make California the nation's largest source of funding for embryonic stem cell studies. It would spend $300 million a year to create the California Institute for Regenerative Medicine to fund research. The sum is 12 times more, per year, than the federal government spends on embryonic stem cell research, and 18 and 33 times what the state...