ABOVE: The Lorry I. Lokey Stem Cell Research Building at Stanford University School of Medicine was built with funding from the California Institute for Regenerative Medicine.
WIKIMEDIA, CALIFORNIA INSTITUTE FOR REGENERATIVE MEDICINE
After funding stem cell research since 2004, the California Institute for Regenerative Medicine is running out of funds. The state agency currently has funding requests for $88 million pending but only $33 million left to give out to scientists.
The California Institute for Regenerative Medicine (CIRM) was not meant to last forever, as it received a finite amount of government funds when it was formed. It started out with $3 billion and the plan was to give out $300 million in grants each year for 10 years. CIRM has been able to stretch that money until now, 15 years later, because there weren’t many groups doing stem cell research in the first few years of CIRM’s existence, says Kevin ...
