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Novocell has managed to turn embryonic stem cells into insulin-producing pancreatic cells, a major step in a long journey toward curing patients with Type 1 diabetes. Vanderbilt's Dr. Mark A. Magnuson told The New York Times that Novocell's scientists had reached an efficiency of cell conversion that was in "orders of magnitude higher than anything previously accomplished." But he noted that significantly more work needs to be done. Novocell's scientists took embryonic stem cells …