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Biotech / Medical : Geron Corp.

GERN 1.160

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To: FJB who wrote (3261)	5/8/2011 3:47:27 PM
From: FJB	Read Replies (1) of 3576

First award for embryonic stem cell trial by Michael Cook \| 7 May 2011 \| 3:57:49 PM tags: CIRM, stem cells The California Institute for Regenerative Medicine (CIRM) has awarded US$25 million to a stem cell company for a clinical trial with embryonic stem cells. This is the first time the $3 billion state agency has funded a clinical trial. The funding for Geron Corp., a California biotechnology company, will be used to support its work on hESCs to treat spinal cord injury. Chairman Robert Klein described the award as “a landmark step for CIRM”. He framed it as a major test of the credibility of his organisation which was created in 2004 after a referendum which amended the state constitution. “When the people of California voted for proposition 71 they did so with the hope of seeing new therapies for disabling diseases like Alzheimer’s disease, Parkinson’s disease, diabetes and other chronic diseases and injuries. By funding this trial, CIRM is taking a major step toward making that hope a reality.” However, the CIRM may be hedging its bets, as the award is a loan, not a grant. The use of hESCs to treat recent spinal trauma was the first hESC trial to be cleared by the US Food and Drug Administration. The only other one to date is a treatment for eye disease. ~

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