Tuesday, April 24, 2012

Launching California Consortium for Regenerative Medicine Start-Up (CCRMS) and Voice of Regenerative Medicine (VORM).

San Diego Regenerative Medicine Institute and Xcelthera announce founding of California Consortium for Regenerative Medicine Start-Up (CCRMS) and launching of the Voice of Regenerative Medicine (VORM). 

Human embryonic stem cell (hESC) research/therapy and regenerative medicine hold great promise for treating world-wide major human diseases that have been challenging for traditional medicine, such as neurodegenerative diseases, paralysis, diabetes, and heart diseases, representing hope to millions of people suffering from incurable diseases. It will have a transformative impact in a broad area of biomedical sciences to develop groundbreaking hESC technology platforms and innovative regenerative medicine approaches to extend healthy life and reduce the burdens of illness. 8 years ago, California made historical landmark by passing Proposition71 (Prop71) to support human embryonic stem cell research and cure development, crucial to driving the advance of medicine to provide optimal regeneration and reconstruction treatment options for many incurable diseases. However, what was revealed in the most recent IOM Committee on a Review of the CIRM meeting is shocking. CIRM (California Institute for Regenerative Medicine) has diverted billions of dollars in Prop71 earmarked for stem cell research & therapy development to benefit large institutions/businesses of CIRM board members. Less than $40M out of $1.3 B Prop71 funding earmarked for California Stem Cell Research and Cure Bond Act has gone into regenerative medicine industry and stem cell therapy development. Even more shocking, CIRM has doled out $ZERO of Prop71 funding to regenerative medicine industry to develop Prop71 intended better and more affordable human embryonic stem cell therapies for patients suffering incurable diseases. Despite $3B support/incentives from California Prop71 in order to make the most promising hESC therapy available to patients, regenerative medicine start-ups have been facing a tough time to secure funding earmarked for their most forefront stem cell technologies & therapy development. Better stem cell therapy & treatments for patients have been blocked by CIRM non-transparent grant review processes and conflicts of interest RFAs/Awards. The growth of regenerative medicine start-ups, representing the crucial mission of Prop71 and hope to millions of people suffering from incurable diseases, have fallen into the victim of bully & conflicts of interest of big institutions & large businesses. CIRM’s RFAs & Awards have shut out regenerative medicine start-ups and made it very difficult for new promising stem cell therapies of Prop71 to enter the therapeutic market. California Consortium for Regenerative Medicine Start-Up (CCRMS) is founded to represent a unified voice for Regenerative Medicine Start-Ups, to support California Stem Cell Research & Cure Bond Act (Prop71), to support President Obama’s executive order to relax Federal Policy for human embryonic stem cell research, to advocate Federal funding for human embryonic stem cell research, to advocate better legislation and policy for human embryonic stem cell research and stem cell therapy development, to advocate incentives for Regenerative Medicine Start-Ups, to promote objectives of Prop71 and better dialogues with CIRM, to advocate better stem cell therapy and treatment options that are made available for patients by CA Prop71, to advocate our tax dollars be better used to develop stem cell therapy and improve the quality of life, to advocate anti-trust and fair competition business development for Regenerative Medicine Start-Ups, to demand CIRM follow the scientific merits and contracting law of Prop71 to give funding from California Stem Cell Research & Cure Bond Act to the most promising and forefront human embryonic stem cell research & therapy development, to demand CIRM to give funding from California Stem Cell Research & Cure Bond Act to Regenerative Medicine Start-Ups in order to develop stem cell therapy that are made available by CA Prop71 for patients suffering from incurable diseases, to urge CIRM stop abusing legislation and diverting billions of dollars in Prop71 away from stem cell research & therapy development, and to facilitate the growth of Regenerative Medicine Start-Ups.

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