![]() Friday, May 9, 2008 |
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Paterson announces nearly $109 million in new stem cell research funding |
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ALBANY - Governor David A. Paterson announced that nearly $109 million in new state funding is being made available to support stem cell research initiatives in New York. The nearly $109 million represents the second round of available funding from the state’s 11-year, $600 million stem cell research initiative that was approved as part of last year’s state budget. “This new funding will strengthen and revitalize New York’s biomedical research industry and potentially help thousands of New Yorkers who suffer debilitating diseases, including Alzheimer’s, Parkinson’s, diabetes and cancer,” said Governor Paterson who played a leading role in the development and implementation of the state’s stem cell initiative while he was Lieutenant Governor. The first awards – totaling nearly $15 million – were made to 25 research institutions in January. Those grants focused on increasing the capacity of research institutions in New York State to engage in stem cell research. New York State Health Commissioner Richard F. Daines, M.D., who serves as Chair of the Empire State Stem Cell Board, said: “The research funded by this initiative offers the promise of new treatments, therapies and even cures for some of the most serious diseases. This funding will also provide an economic stimulus to New York’s biomedical industry at a time when funding from the National Institutes of Health has not kept up with the need.” The majority of New Yorkers support embryonic stem cell research, as demonstrated by a 2006 Zogby International poll which found that 84 percent of New Yorkers support embryonic stem cell research. Nearly 70 percent of those polled expressed support for state funding as a way of countering President Bush’s policy restricting federal funding to research that only uses human embryonic stem cell lines in existence as of August 9, 2001.
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