Stem Cell Agency Considering Grant Applications
Officials for the California Institute of Regenerative Medicine on Tuesday said that they had received 70 proposals for research grants, the San Francisco Chronicle reports (Hall, San Francisco Chronicle, 11/15).
California voters in 2004 approved Proposition 71, under which the Independent Citizens' Oversight Committee oversees CIRM. The initiative provides for $3 billion in funds for stem cell research over 10 years (California Healthline, 10/12).
CIRM will award as many as 25 "comprehensive research grants" in the current round of applications. The grants could be worth as much as $80 million over four years.
CIRM is expected to announce decisions on the applications by April 2007 (San Francisco Chronicle, 11/15).