Stem cell supporters await their Obama moment
Mon Nov 10, 2008 4:32pm EST Email | Print | Share| Reprints | Single Page | Recommend (0) [-] Text [+] Market News
Economic worry hounds Wall Street, Starbucks down late | Video
Oil rises 2 percent on China rescue plan, Saudi cuts
GM shares hit 62-year lows after broker downgrades
More Business & Investing News... Featured Broker sponsored link
Trading will never be the same."We have been operating for the last decade with one hand tied behind our back," Lanza said by e-mail.
Amy Comstock Rick, chief executive officer of the Parkinson's Action Network, does not see the Dickey Amendment as a major stumbling point.
"There are an awful lot of stem cell lines out there already," she said in a telephone interview. She thinks an executive order by Obama superseding Bush's executive order will do plenty for the field.
"What it'll do is open up a large pool of funding that hasn't been eligible for stem cell research," she said.
Kenneth Aldrich, chairman and CEO of International Stem Cell Corporation, said the restrictions have hurt academic researchers who come up with the ideas that are then moved to the clinic by private companies.
Many have built separate facilities for working with human embryonic stem cells, for fear of losing all their federal funding. "They have been forced to spend a lot of money on bricks and mortar," Aldrich said.
White House spokeswoman Dana Perino defended Bush's stand on Monday.
"Since that decision, scientists from all over the world, and especially here in our country, have shown their innovation and their abilities to do embryonic stem cell research and make huge leaps in achievement without destroying embryos," she said.
(Editing by Philip Barbara)
Disclaimer: Do not buy or sell based on my recommendation. I am not your financial advisor .My recommendations are based on my intuition, research or both and may be right or wrong.
