CIRM Retracts $19M Alzheimer’s Disease Program Loan Awarded to StemCells
The California Institute for Regenerative Medicine has pulled a 10-year, $19.3 million loan from Newark's StemCells, the board of which former CIRM President Alan Trouson recently joined. A Securities and Exchange Commission filing by StemCells attributed the agency's decision to StemCells' Alzheimer's disease program not hitting certain milestones.
- "CIRM Yanks $19 Million Alzheimer's Program Loan Award From StemCells" (Leuty, "BiotechSF," San Francisco Business Times, 12/15).