Voters Approved Stem Cell Agency On Rosy Promise Of Cures — Will They Do It Again?
Since its first awards in 2005, the agency has given away money at a rate of $22,000 an hour, seven days a week, 24 hours a day. But it has yet to come up with a therapy that reaches the general public, and the money is running out.
Sacramento Bee:
California’s Stem Cell Agency Will Run Out Of Money In Three Years. Should Voters OK Spending More?
Voters were told that stem cell therapies would ease afflictions found in nearly 50 percent of California families. The agency would create the “cures for tomorrow,” then-Gov. Arnold Schwarzenegger said. Since its first awards in 2005, the agency has given away money at a rate of $22,000 an hour, seven days a week, 24 hours a day. But it has yet to come up with a therapy that reaches the general public despite rosy expectations raised by the ballot campaign.Today, the future of the program is unclear. (Jensen, 1/17)