The California Institute for Regenerative Medicine, created by Proposition 71 in 2004, promised life-saving cures for Alzheimer’s, Parkinson’s and other diseases. The $3 billion state stem-cell agency also assured voters that royalties from these cures and therapies would generate more than $1 billion. As David Jensen of the California Stem Cell Report notes, no…
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As we noted, California’s $3 billion Stem Cell Research and Cures Act, Proposition 71, promised life-saving cures and therapies for a host of afflictions including heart disease, diabetes, Alzheimer’s and Parkinson’s. Celebrity promoters included Christopher Reeve, Michael J. Fox and Arnold Schwarzenegger. In 2004 voters approved the measure, which created the California Institute for…
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California’s $3 billion Stem Cell Research and Cures Act, Proposition 71, promised life-saving cures and therapies for a host of afflictions including heart disease, diabetes, Alzheimer’s and Parkinson’s. In 2004 voters approved the measure, which created the California Institute for Regenerative Medicine. CIRM drew down the money and spent lavishly, but ten years later…
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In 2004, California’s $3 billion Stem Cell Research and Cures Act, Proposition 71, promised life-saving cures and therapies for a host of afflictions. Voters approved the measure, which created the California Institute for Regenerative Medicine (CIRM). Ten years later CIRM has spent nearly $2 billion, but as this report notes, “No cures have yet…
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California’s punitive tax structure virtually guarantees high volatility in state finances, particular during times of boom and bust in the economy. But through thick and thin some things never change. As this report notes, the state’s payroll and the size of the state workforce hold steady, and there’s always more to that story. Consider,…
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The California Institute for Regenerative Medicine, the state’s $3 billion stem-cell institute, continues to put on a clinic on how to redistribute money to politically connected insiders. A recent federal review by the Office of Medicine, a division of the National Academy of Sciences, found CIRM rife with cronyism and conflicts of interest. Almost…
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