Robert Klein wants more stem cell money

More proof of his failure

Robert Klein. Photo from YouTube by Yes on 71 supporters.

The following comes from a Dec. 15 story on Capitol Weekly.

Directors of the California stem cell agency on Thursday virtually endorsed a plan to stave off its financial death, pinning their hopes on a possible $5 billion bond measure and a private fundraising effort to bring in an additional $222 million.

The California Institute for Regenerative Medicine, as the agency is formally known, expects to run out of cash for new awards in late 2019 because of limits in the ballot measure that created it in 2004.

Robert Klein, who led the 2004 initiative campaign, appeared before the governing board meeting and touted the new bond proposal. The Palo Alto real estate investment banker told directors that California had a “moral imperative” to continue its stem cell work. He said, “This is California’s contribution to the future of medicine….This is the bridge to the future of health care.”

No vote was taken on endorsement of a ballot measure that has yet to be written or qualified for the ballot. But no objection was raised by board members to moving forward on what Thomas called the best option.

Under that scenario, Klein would lead a new, $5 billion initiative that would require hundreds of thousands of voter signature to qualify for the November 2020 ballot. Then it would require raising roughly $50 million to run a successful campaign, Klein told the California Stem Cell Reportlast month.

The $222 million fundraising effort is already underway and would continue until the end of 2019, with the expectation that it would provide bridge funding until voter approval of the new, multibillion dollar bond measure.

Klein told directors that 70 percent of California voters favor continuing funding of the agency. However, last month he declined a request by the California Stem Cell Report for a copy of the poll or the name of the firm that conducted it.

The 2004 campaign led voters to believe that miraculous stem cell cures were right around the corner. The agency has yet to help finance a treatment that is in widespread use. But it has currently invested $300 million in 26 clinical trials, the last stage before a proposed therapy can be certified for general use. Trials, however, can take years.

 

Comments

comments

To add a comment, click on Facebook, Twitter, Google+ icons OR go further down to the bottom of comments to the Post your comment box.

Comments

  1. NO WONDER HE DOESN’T WANT TO TALK SPECIFICS! AS THERE ARE NO RESULTS USING EMBRYONIC STEM CELL RESEARCH (ONLY TUMORS FOR THE MICE) AND THERE ARE AT LEAST 110 CURES USING ADULT STEM CELLS!!!

    IT’S ALL ABOUT MONEY, IT’S MUCH CHEAPER TO KILL THE LITTLE BABIES!!!!!!

    AND CALIFORNIA AND ALL STATES HAVE A ‘MORAL IMPERATIVE’ FOR SURE. BUT IT IS NOT TO USE GOD’S LITTLE BABIES FOR EXPERIMENTS AND RATHER DO RESEARCH ON ADULT STEM CELLS.

  2. This stem cell research kills unborn babies.

  3. CalCatholic reader says:

    It’s all about $$$. Who get’s it and who pay’s for gimmicks that don’t work. When we we poor taxpayer’s learn?

COMMENTS POLICY: Comments are limited to 750 characters and will be truncated at 750. Comments should not contain offensive or libelous language. Please strive to be civil. All comments are subject to approval by our moderator and to editing as the moderator deems appropriate. Inclusion of your email address is optional.

Speak Your Mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

COMMENTS POLICY: Comments are limited to 750 characters and will be truncated at 750. Comments should not contain offensive or libelous language. Please strive to be civil. All comments are subject to approval by our moderator and to editing as the moderator deems appropriate. Inclusion of your email address is optional.