CGS-authored
It will take at least 15 months for California's new stem cell institute to resolve court challenges and gain access to $3 billion that voters agreed to spend on the research, the institute's president said yesterday.
And that is if the institute wins the legal challenges, which question whether the program contains adequate controls over taxpayer funds.
The year-old California Institute for Regenerative Medicine is down to less than $4 million and expects to spend that by the end of June, without one cent going to research. It has already burned through $4.15 million, more than half the $8 million it has raised through a state loan and a philanthropic donation.
Faced with those realities, and the frustration of patient advocates who campaigned for the initiative in hopes of speeding the discovery of treatments for disease, the institute's leaders have devised a plan for staying afloat through 2006.
The plan involves raising more than $52 million in private donations, including a $2 million fund drive that started yesterday, said Zach Hall, the institute's president.
The goal is to put the...
And that is if the institute wins the legal challenges, which question whether the program contains adequate controls over taxpayer funds.
The year-old California Institute for Regenerative Medicine is down to less than $4 million and expects to spend that by the end of June, without one cent going to research. It has already burned through $4.15 million, more than half the $8 million it has raised through a state loan and a philanthropic donation.
Faced with those realities, and the frustration of patient advocates who campaigned for the initiative in hopes of speeding the discovery of treatments for disease, the institute's leaders have devised a plan for staying afloat through 2006.
The plan involves raising more than $52 million in private donations, including a $2 million fund drive that started yesterday, said Zach Hall, the institute's president.
The goal is to put the...