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Biotech / Medical : Biotech Valuation

CRSP 53.50

-1.3%

Jan 16 3:59 PM EST

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To: jj_ who wrote (2648)	1/23/2001 8:42:16 AM
From: RMP	Read Replies (1) of 52153

Article posted in today's Newsday (Long Island, NY) on stem cell research: British Approve Limited Human Embryo Cloning Combined News Services London-Britain's House of Lords backed new government rules yesterday to allow limited cloning of human embryos, turning a deaf ear to religious leaders from across the spectrum who had urged them to oppose the measures. Peers in parliament's upper chamber voted 212-92 to allow research using stem cells to develop treatments for diseases such as leukemia, Parkinson's and cancer. Stem cells are the unprogramed master cells found in early stage embryos that can turn into nearly every cell type in the body. Debate raged for seven hours, but since the elected House of Commons passed the order by a 2-to-1 majority late last year, it will now become law. It will relax the rules under a 1990 act that limit research on donated embryos to such areas as infertility and the detection of birth defects. The embryos must be destroyed after 14 days. The creation of babies by cloning would remain outlawed. Prime Minister Tony Blair argues the move would allow Britain to stay at the forefront of the booming biotechnology industry. But right-to-life groups and religious leaders see it as the first step down a slippery slope to full human cloning. Independent peer Lord Alton released a letter from Tibetan spiritual leader the Dalai Lama, Anglican Archbishop of Canterbury George Carey and Britain's Chief Rabbi Jonathan Sacks, urging parliament to set aside the laws. Alton said the government was railroading the order through parliament without proper scrutiny and proposed a motion that would freeze the legislation until a special committee had heard exhaustive evidence from experts. "There are many strong ethical and scientific arguments which may be deployed against cloning techniques, but we are also strongly at variance with international opinion," he said. The government promised to allow a committee of experts to scrutinize the ethics and science of the issue as long as the House of Lords voted the order through. The European Parliament has urged Britain to stop its plans.

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