A grant of $250 million was awarded to a group of researchers for stem cell research and other projects which could lead to treatments for brain cancer, macular degeneration, AIDS and sickle cell anemia.
The California Institute for Regenerative Medicine, the state’s stem cell research agency, granted funding to a total of 14 teams which included researchers from the University of Southern California, the City of Hope, Cedars Sinai Medical Center, and UCLA.
Three scientists were awarded a total of $50 million with the Broad Stem Cell Research Center at ULCA. The approval process involved proof by the teams that they would be ready to file intent to begin clinical trials with the FDA.
A professor of microbiology, Kohn, also received more than $9 million to develop blood stem cells that could eventually be used to cure sickle cell anemia.
Kohn said, "It can be cured with a bone marrow transplant, but the problem is many times the body can reject the marrow donated by another person, what we're trying to do is find a way to use the patient's own marrow."
He added that his team will work using genetically corrected stem cells to block the sickling of the red blood cells.
Apart from California, Canada and Britain are contributing $43 million since some part of the research will be done in these countries.
Popular content
Today's:
- Sexual Desire and Libido Higher in Women Who Took ‘Female Viagra’
- British Mothers Tend to Overfeed Babies Due to Misleading Charts
- Google unveils Chrome OS at a Mountain View press conferecnce
- IBM announces release of online version of its signature Lotus software
- Cornerstone OnDemand raises added funding for talent management software growth
All time:
Last viewed:
- Obama to get tough on bailout recipients; imposing compensation caps
- RIM announces its new 3G BlackBerry Bold smartphone - Bold 9700
- Arsonists blamed for half of Australia's forest fires
- Grizzlies put bear hug on Mavs' dominance to snap 13-slide
- Much-Higher-than-Expected Profits Posted by Abercrombie & Fitch
- $540 Million Licensing Deal for Nicotine-Addiction Drug Signed by Glaxo and Nabi Biopharmaceuticals
- Flagstar Bancorp gets permission for Capital Purchase Program
- Federal judge temporarily restrains Beat.com from selling or streaming Beatles songs
- Harvard political scientist Samuel Huntington dies at 81
- Spector murder case goes to the jury, again
US Business News
- Sony Ericsson shifts HQ from NC to Atlanta; closes a few other sites worldwide
- Microsoft: No-cost Azure service launches in January; to be charged for in February
- Rolls Royce and Air China Close $1.5 Billion Deal for New Engines
- Missouri Plant Work Dispute Resolved by Ford and UAW
- MUFG Looking to Raise $11 Billion Through Public Offering of Common Shares



























