06
Jul
2005
Investing In Embryonic Stem Cell Research
Wired reports, as have others, that private investment in embryonic stem cell research is picking up. From Robert Lanza of Advanced Cell Technology: "With the passage of Proposition 71 there's been an influx of interest in stem cells. We're in a whole new world. We're flush with cash, and just months ago we were struggling as a private company to even make payroll and to keep the phones on." The article notes that "will soon announce an $8 million investment from private and venture investors, with more on the way" and that "the company has nearly tripled in size." Capital investment is the engine of progress - good to see more of it in a field that will produce cures for age-related disease.
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