Tuesday, April 23, 2013

Stem Cell Agency Provides More Cost Detail on Future Plans

The California stem cell agency today clarified the size of the assumed "public investment" in its rough outline of its plan for future activities. 

In response to a query from the California Stem Cell Report, Don Gibbons, a spokesman for the agency, said,
"This hypothetical range of public investment ($50 million to $200 million) is thought of as a one-time investment, with hope of private investments in multiples of that with the fund recharging to some extent based on revenue."
Gibbons also said the agency did not want to indicate what it was prepared to pay for the study.  He said, 
 "We have not wanted to post the budget range because we want honest estimates of what folks think the budget should be rather than having them penciling estimates that max out the budget."

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