California grants ignite a boom of lab construction

After four years of litigation and detailed planning, the first $271 million in facilities grants is just about ready to be doled out by the California stem cell institute. And that in turn will trigger more than three-quarters of a billion dollars worth of new construction for the laboratories that are being designed to develop the stem cell therapies of the future.

In the Bay Area alone four projects are vying for funding. If all four win, builders will construct $443 million in new stem cell laboratories.

California's $3 billion stem cell initiative--which was bitterly opposed by conservative groups--has inspired universities in the state to come up with ambitious plans for new research centers, leveraging the bond money with hundreds of millions of dollars of their own money. The state's plans involve stepping in where the federal government has refused to tread for seven years, and they are well on their way to making the state a world leader in the field.

- read the report in the San Francisco Chronicle

Related Articles:
California--Top Five Regions Targeting Biotech, 2008
San Diego institutes plan $115M stem cell lab
California biotech: Strong, growing but worried
California delivers millions for stem cell research

Suggested Articles

Levo Therapeutics’ lead program did not beat placebo in a phase 3 study of Prader-Willi syndrome, a genetic disorder that causes insatiable hunger.

Denali is partnering with Biogen on its Parkinson's disease program, netting a $560 million upfront fee and a $465 million investment.

In the first half of 2020, the regenerative medicine sector raised $10.7 billion, more than the total it raised in 2019.