State Earns First Royalty Check after Investing Billions in Stem Cell Research

February 13, 2018

(San Francisco Chronicle) – California, which has poured billions of public dollars into studying stem cells over the past decade, recently received its first royalty check for the investment — a development that will feed into a debate over whether to spend more taxpayer funds on such research in the coming years. The City of Hope medical research center has sent more than $190,000 to the State Treasurer’s Office related to research funded by the California Institute for Regenerative Medicine, or CIRM, which has been tasked with issuing $2.75 billion in grants for stem cell studies.