Opinion: California Institute for Regenerative Medicine wrong to petition for more money

Written by Eric Oliver | September 04, 2019 | Print  |

A column by the right-leaning Independent Institute concerned the California Institute for Regenerative Medicine.

CIRM is expected to allocate the last of the $3 billion in grant money it has in September. The institute will stay open to oversee the last of its multiyear grants and could then close if it does not receive more funding. To this point, CIRM supporters are increasing efforts around a possible $5.5 billion ballot initiative to continue funding the institute's efforts.

The Independent Institute argued that CIRM was a failure because none of the projects CIRM funded have led to the development of any FDA-approved treatments, nor has CIRM had any "returns for California taxpayers."

The column opposed the ballot initiative and criticized how CIRM operated and awarded its funding.

Read the entire column here.

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