{"id":1063137,"date":"2011-12-11T16:54:44","date_gmt":"2011-12-11T16:54:44","guid":{"rendered":"http:\/\/www.longevitymedicine.tv\/san-jose-mercury-news-california-stem-cell-agency-eyeing-more-bonds-but-has-no-treatments\/"},"modified":"2024-08-17T20:27:20","modified_gmt":"2024-08-18T00:27:20","slug":"san-jose-mercury-news-california-stem-cell-agency-eyeing-more-bonds-but-has-no-treatments-2","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/stem-cell-therapy\/san-jose-mercury-news-california-stem-cell-agency-eyeing-more-bonds-but-has-no-treatments-2.php","title":{"rendered":"San Jose Mercury News: California Stem Cell Agency Eyeing More Bonds but Has No Treatments"},"content":{"rendered":"

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In an overview of the $3 billion California stem cell agency, the San Jose Mercury News<\/b> says that CIRM \"still has no treatments on the market and is at a critical juncture that could determine how much longer it stays in operation. \"<\/p>

The story is the second significant piece about CIRM<\/b> this week in a major California newspaper, which has not received much coverage in the mainstream media in the state in the last year or so. The Los Angeles Times<\/b> earlier this week carried a column that raised questions about the \"Geron fiasco\" involving CIRM<\/a> and the conduct of the agency's business.<\/p>

The San Jose article<\/a> yesterday by Steve Johnson<\/b> said that voters \"may not be as enthusiastic\" about providing several billion dollars more to finance the agency as they were when they created it seven years ago. <\/p>

The newspaper, located in the heart of California's Silicon Valley, quoted John Simpson<\/b>, stem cell project director of Consumer Watchdog<\/b> of Santa Monica, Ca., as saying,<\/p>

\"I think it's crazy. The state's economy is in a far different position now. We're not even able to provide adequate funding for education.\"<\/p><\/blockquote>

Johnson also reported that former CIRM Chairman Robert Klein<\/b>, who led the 2004 Prop. 71<\/b> campaign, is raising or intends to raise funds for another bond issue, perhaps in 2014. The agency will run out of cash in about 2017, according to its projections.<\/p>

The article noted that CIRM has awarded only $83.4 million to 15 businesses, which are the key to pushing research into the clinic,  out of the $1.3 billion it has handed out. Johnson wrote, <\/p>

\"Many businesses have been deterred from even trying to make stem-cell treatments because of how long it might take.<\/p>

\"'It's a challenge,' said Rodney Young<\/b>, chief financial officer at Newark-based StemCells<\/b>, which hopes early next year to obtain a $20 million institute grant to determine if a type of adult stem cell can slow the loss of cognitive function in Alzheimer's patients. 'It's an expensive, uncertain and long process.'\"<\/p><\/blockquote>

Johnson additionally noted that CIRM has received criticism for the high salaries it pays its top executives and for conflicts of interests.<\/p>

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Source:
http:\/\/californiastemcellreport.blogspot.com\/feeds\/posts\/default?alt=rss<\/a><\/p>","protected":false},"excerpt":{"rendered":"

In an overview of the $3 billion California stem cell agency, the San Jose Mercury News says that CIRM \"still has no treatments on the market and is at a critical juncture that could determine how much longer it stays … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":64,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25,1246878],"tags":[],"class_list":["post-1063137","post","type-post","status-publish","format-standard","hentry","category-stem-cell-therapy","category-stem-cells"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/1063137"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=1063137"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/1063137\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=1063137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=1063137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=1063137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}