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Close Scrutiny Needed as First Stem Cell Grants Offered to For-Profit Companies, Consumers Say

Published in Healthcare Mergers, Acquisitions and Ventures Week, December 22nd, 2007

California's stem cell agency is inviting for-profit companies to apply for research grants for the first time, the Foundation for Taxpayer and Consumer Rights (FTCR) noted today and the non-partisan, non-profit consumer advocacy organization vowed to scrutinize the awards process to prevent abuse.

The California Institute for Regenerative Medicine (CIRM) has just issued calls for applications for two types of grants. CIRM said it planned to fund up to 20 six-month disease team planning grants for a total of $1.1 million. The stem cell agency has also ear marked $25 million for up to 16 three-year grants to develop new stem cell lines.

"We've already...

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