CIRM May be Shutting Down Due to Lack of Financing

CIRM May be Shutting Down Due to Lack of Financing

The California Institute for Regenerative Medicine (CIRM) is not accepting grant applications due to lack of funding. They may be on the verge of shutting down as they have thus far not been able to secure $200 million in private bridge financing.
CIRM launched in 2004 after 59% of California voters approved a $3 billion bond issue to support human embryonic stem cell research—the passing of the financing was not without ideological battles. As it turns out, time has moved on and now much progress comes from adult stem cell research and induced pluripotent stem cells as discovered in 2006.
Bioedge reports that Science reported the funding for CIRM appears to be drying out for the California research institution.  According to Jeanne Loring, recently retired from Scripps Research Institute in San Diego, CIRM had made California “the center of the stem cell universe.” Much has happened in the decade and a half since 2004. A massive inflow of private equity into cell and gene therapies to start making the political landscape different as we approach 2020....

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