San Diego Stem Cell Group Gets $43M in State Funding

This week, the California Pooled Money Investment Board approved putting $43 million in an escrow account for the Sanford Consortium for Regenerative Medicine's planned $115 million facility, alleviating concerns that the state would not be able to come through on its promise of a $43 million grant. The consortium still needs to borrow an additional $60 million to $65 million to build the new facility.

• "Stem Cell Consortium $43 Million Richer" (Somers, San Diego Union-Tribune, 4/17).