California Awards $74.5 Million For Stem Cell Research

March 16, 2007 -- Last night, the California $3 billion stem cell initiative awarded $74.5 million in grants to 26 different scientific teams around the state, an average of $2.9 million per grant. The money, which was given to established scientific teams who were already working in the field, will be allocated over four years. The grant-awarding committee is halfway through a two-day meeting, and it will make additional commitments today. In February, the initiative made $45 million in SEED grants to researchers who are new to the field of stem cells. More details...