Wednesday, April 29, 2009, 4:45pm PDT
Stanford gets $5.8M stem cell grant
San Francisco Business Times
Researchers at Stanford University’s School of Medicine got a $5.8 million grant from the California Institute for Reenerative Medicine to look for ways to stimulate adult stem cells to heal damaged nerves, bone skin and cardiac muscle.
The grant was one of 15 given out worth a total of $67.7 million as part of CIRM’s Early Translational Research Awards program, which aims to move promising research from the lab to the clinics.
CIRM has given Stanford a total of $107 million from CIRM, including this most recent grant.
The board of the institute was reluctant to fund projects at their last two meetings prior to the one on Wednesday, but once the state was able to conduct a successful bond sale and raise $6.5 billion — $275 million of which went to CIRM — the institute was able to pay off a prior state loan and give out grants.