Fish Glow Green After Genetic Engineering – National Geographic
By Dr. Matthew Watson
![]() National Geographic | Fish Glow Green After Genetic Engineering National Geographic A genetically engineered fish that glows green from the inside out is helping illuminate what pollutants do inside the body. Endocrine disruptors are substances found in a wide range of industrial products, including plastics, as well as in many female ... |
Source:
http://news.google.com/news?q=genetic-engineering&output=rss
US biotechnology giant Amgen to invest $200m in Dún Laoghaire, Co Dublin plant … – FinFacts Ireland
By Dr. Matthew Watson
![]() Belfast Telegraph | US biotechnology giant Amgen to invest $200m in Dún Laoghaire, Co Dublin plant ... FinFacts Ireland By Finfacts Team US biotechnology giant Amgen and the Irish Government today announced the start of a $200 million-plus expansion programme in Ireland that is expected to result in the creation of 100 jobs. The Taoiseach, Enda Kenny TD and the Tánaiste ... Amgen to create up to 100 jobs in US$200m expansionSiliconrepublic.com 100 jobs in pipeline as biotech company expands in DublinInsideireland.ie Amgen Announce Major Expansion Of Dun Laoghaire FacilityeGov monitor Irish Times -Belfast Telegraph -thejournal.ie all 84 news articles » |
Source:
http://news.google.com/news?q=biotechnology&output=rss
Howard County weddings and engagements – Baltimore Sun
By Dr. Matthew Watson
![]() Baltimore Sun | Howard County weddings and engagements Baltimore Sun She graduated from the University of Maryland with a Bachelor of Science in cell biology and molecular genetics in 2007. She is on track to graduate from the University of Maryland School of Pharmacy on May 18 with a doctorate in pharmacy. |
Source:
http://news.google.com/news?q=molecular-genetics&output=rss
Amgen’s First CEO – Wall Street Journal
By Dr. Matthew Watson
![]() Wall Street Journal | Amgen's First CEO Wall Street Journal Amgen was founded as Applied Molecular Genetics in 1980 with funding from venture capitalists amid a rush to exploit the power of gene splicing. The company worked on several products in its early years, including cloned chicken growth hormone, ... George Rathmann, Founding CEO of Amgen and Icos, Dies at 84Xconomy |
Source:
http://news.google.com/news?q=molecular-genetics&output=rss
California Stem Cell Agency Wants to Weaken Financial Disclosure for Execs and Board
By Dr. Matthew Watson
The $3 billion California stem cell agency, which is moving to engage the biotech industry ever more closely, is proposing a major weakening of the financial disclosure requirements for its board of directors and executives.
The move comes as the agency is also seeking to raise cash from the private sector to continue the state research effort's existence. CIRM's dimming of transparency runs counter to government trends nationally for more disclosure rather than less, including regulations enacted last year by the NIH.
The proposed changes will be considered next Thursday by the CIRM directors' Governance Subcommittee, which will have public teleconference sites in San Francisco and Irvine and two each in Los Angeles and La Jolla.
Currently CIRM board members and top executives must disclose all their investments and income – in a general way – along with California real property that they hold. Under the changes, disclosures would instead be required only "if the business entity or source of income is of the type to receive grants or other monies from or through the California Institute for Regenerative Medicine." CIRM offered no explanation of what it means by "of the type to receive" funds from the agency.
The proposal further narrows disclosure in connection with income or investments in enterprises that provide facilities or services used by CIRM. With the removal of the requirement for reporting all investments, CIRM's changes also specified disclosure of income and investments connected to business entities (nonprofits are not mentioned) that are engaged in biomedical research or the manufacture of biomedical pharmaceuticals.
The new code would appear to give CIRM directors and executives wide personal latitude in determining what should be disclosed. The current language simply states that "all" investments, etc., must be disclosed. That language originated in the 1974 ballot initiative that created the state disclosure requirements. The initiative's intent was to give the public and interested parties access to key information that would allow them to determine what forces are at work in government and whether conflicts of interests exist – as opposed to simply trusting the assertions of officials without additional substantiation.
The new code also appears to relieve CIRM officials of reporting investment in or income from venture capital or other firms that may be engaged in financing biotech or stem cell enterprises, since the firms do not receive cash from CIRM or engage in biomedical research.
While the code appears to provide more reporting freedom for board members and executives, it also may indirectly impose a burden on them to determine whether any of their investments may involve biomedical research or enterprises that could possibly receive funds from CIRM at some point
Earlier this week, the California Stem Cell Report asked the stem cell agency about such issues. Kevin McCormack, CIRM's new senior director of public communications and patient advocate outreach, replied that the changes were "proposed" by the state Fair Political Practices Commission, which oversees state disclosure laws.
He said the FPPC says agencies "should tailor their disclosure categories to type of work performed by the agency."
McCormack cited as examples the State Board of Education and the state retirement system.
As for the specific changes in CIRM's code, McCormack said,
"Because these are the types of entities that are likely to create potential conflicts of interest, we believe the disclosure categories are appropriate."
McCormack did not comment on whether the proposed code would give board members more reporting latitude or whether it relieve them of reporting investments tied to the financing of biotech or stem cell firms. (The text of his response can be found here.)
The California Stem Cell Report is querying the FPPC concerning its policy regarding disclosure codes. CIRM's new code is expected to go before the the full CIRM board in late May. The changes are subject to review by the FPPC and then must formally go through the state administrative law process during which the public can comment and the code modified before final adoption.
Our take? The proposed changes are not in the best interests of CIRM or the people of California. The absence of transparency and disclosure only breeds suspicious speculation of the worst sort. The agency is already burdened by conflicts of interest that are built in by the ballot measure that created it in 2004. Nearly all of the $1.3 billion that CIRM has handed out has gone to institutions linked to CIRM directors. Weakening disclosure at a time when the biotech industry will become more closely tied to CIRM inevitably raises questions about financial linkages – present and future – between CIRM directors and executives and industry. For the past seven years, CIRM directors and staff have been able to comply with
more complete disclosure. They should continue to do so for the life of the agency, which will expire in less than a decade unless it finds additional sources of cash.
Source:
http://californiastemcellreport.blogspot.com/feeds/posts/default?alt=rss
Text of CIRM Response on the Weakening of Financial Disclosure Requirements
By Dr. Matthew Watson
Report asked the state stem cell agency about its proposed changes
in its requirements for financial disclosures from its officials.
Here are the key elements from that query with the stem cell agency's
response following.
the following: "The new code appears
to give discretion to the employee to determine what enterprise is
'the type to receive grants or other monies' from CIRM. Additionally,
it would not appear to require disclosure of an investment with or
income from, for example, Kleiner Perkins, which is a major investor
in iPierian, which holds $7 million in CIRM grants and could well be
a future applicant...(T)he weakening of the code comes at a time when
the agency is moving to cozy up to industry and looking to raise
funds to continue its existence, all of which raises even greater
conflict of interest issues than earlier in CIRM's existence."
25 from Kevin McCormack, CIRM's new senior director for public
communications and patient advocate outreach.
"In answer to your question, we
are proposing changes to the Conflict of Interest Code based upon
recommendations from the California Fair Political Practices
Commission (FPPC). The Political Reform Act requires state
agencies like CIRM to review their Conflict of Interest Codes every
two years. The FPPC, which is charged with enforcing the
Political Reform Act, is responsible for reviewing and approving
CIRM's Conflict of Interest Code. In preparation for this
review, CIRM's counsel met with the FPPC staff who suggested the
proposed amendments which are the subject of the upcoming Governance
Subcommittee meeting. The proposed amendments to CIRM's
Conflict of Interest Code are consistent with the FPPC's position
that agencies should tailor their disclosure categories to type of
work performed by the agency. For example, CalPERS's
conflict of interest code requires CalPERS officials to disclose
investments in, and income from, entities that are of the type with
which CalPERS contracts and entities in which funds administered by
CalPERS could be invested. Likewise, the State Board of
Education requires its members to disclose investments, business
positions, and income from a publisher, manufacturer, or vendor of
instructional materials, or services offered to educational
institutions in the State of California and investments, positions of
management and income from any private school in the State of
California. Similar to these codes, the FPPC proposed that
CIRM's Code be tailored to the nature of CIRM's work. Thus,
the FPPC proposed that CIRM require its board members and high-level
employees to disclose investments in, and income from, entities that
are of the type with which CIRM would contract or from which CIRM
could procure goods or services as well as investments in, and income
from, biotech and pharmaceutical companies. Because these
are the types of entities that are likely to create potential
conflicts of interest, we believe the disclosure categories are
appropriate. It is important to remember, however, that
this is a preliminary proposal. CIRM will seek input from
the Governance Subcommittee, the Board, and members of the public
before seeking approval of the amendments."
Source:
http://californiastemcellreport.blogspot.com/feeds/posts/default?alt=rss
Neuralstem Chief Scientific Officer To Present At Spinal Cord Injury Conference In China
By Dr. Matthew Watson
ROCKVILLE, Md., April 25, 2012 /PRNewswire/ --Neuralstem, Inc. (CUR) announced that Karl Johe, PhD, Chairman and Chief Scientific Officer, will present at the Fourth International Spinal Cord Injury Treatments and Trials Symposium, in Xi'an, China on Friday, May 4, at 1:00 PM (http://iscitt.org/iscitt4/). Dr. Johe's talk, entitled "Human spinal cord-derived neural stem cells (HSSC) for treatment of neurological diseases," willreview the readiness of Neuralstem's cells to enter clinical trials in China, as well as provide an overview of the US clinical programs in amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease) and in spinal cord injury. Neuralstem has an ongoing FDA-approved Phase I trial testing the safety of its cells in the treatment of ALS and has submitted an IND (Investigational New Drug) to the FDA to initiate trials with its cells in chronic spinal cord injury. Neuralstem's wholly-owned subsidiary in China, Neuralstem China(Suzhou Neuralstem Biopharmaceutical Company Ltd.), is developing cell therapy treatments for chronic motor disorder from stroke in collaboration with BaYi Brain Hospital in Beijing.
(Logo: http://photos.prnewswire.com/prnh/20061221/DCTH007LOGO )
About Neuralstem
Neuralstem's patented technology enables the ability to produce neural stem cells of the human brain and spinal cord in commercial quantities, and the ability to control the differentiation of these cells constitutively into mature, physiologically relevant human neurons and glia. Neuralstem is in an FDA-approved Phase I safety clinical trial for amyotrophic lateral sclerosis (ALS), often referred to as Lou Gehrig's disease, and has been awarded orphan status designation by the FDA.
In addition to ALS, the company is also targeting major central nervous system conditions with its cell therapy platform, including spinal cord injury, ischemic spastic paraplegia and chronic stroke. The company has submitted an IND (Investigational New Drug) application to the FDA for a Phase I safety trial in chronic spinal cord injury.
Neuralstem also has the ability to generate stable human neural stem cell lines suitable for the systematic screening of large chemical libraries. Through this proprietary screening technology, Neuralstem has discovered and patented compounds that may stimulate the brain's capacity to generate new neurons, possibly reversing the pathologies of some central nervous system conditions. The company has received approval from the FDA to conduct a Phase Ib safety trial evaluating NSI-189, its first small molecule compound, for the treatment of major depressive disorder (MDD). Additional indications could include schizophrenia, Alzheimer's disease and bipolar disorder.
For more information, please visit http://www.neuralstem.com or connect with us on Twitter and Facebook.
Cautionary Statement Regarding Forward Looking Information
This news release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements in this press release regarding potential applications of Neuralstem's technologies constitute forward-looking statements that involve risks and uncertainties, including, without limitation, risks inherent in the development and commercialization of potential products, uncertainty of clinical trial results or regulatory approvals or clearances, need for future capital, dependence upon collaborators and maintenance of our intellectual property rights. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in Neuralstem's periodic reports, including the annual report on Form 10-K for the year ended December 31, 2011.
Read more:
Neuralstem Chief Scientific Officer To Present At Spinal Cord Injury Conference In China
The Other Technology Sector: Biotechnology – Forbes
By Dr. Matthew Watson
![]() Investorplace.com | The Other Technology Sector: Biotechnology Forbes After being sleepers for more than two decades, some biotechnology stocks are coming to life, for two reasons: First, a surge in new FDA approvals, and a strong research pipeline, especially among small biotechs developing cancer treatments. 6 Biotech Stocks to Buy TodayInvestorplace.com |
Source:
http://news.google.com/news?q=biotechnology&output=rss
California Stem Cell Agency Launches $30 Million Plan to Lure Industry
By Dr. Matthew Watson
Just one week after the $3 billion California stem cell agency was sharply criticized for its failure to adequately support biotech firms, the agency formally kicked off a $30 million effort to engage industry more closely.
The initiative, in the works since the middle of last year, was heralded as the beginning of a "new era" for CIRM, which is moving to transform into cures the stem cell research it has funded over the last seven years. The agency has scheduled a webinar for April 25 for prospective applicants.
CIRM's press release, crafted by the agency's new PR/communications director, Kevin McCormack, yesterday quoted CIRM President Alan Trounson as saying,
"This initiative is a major new development in the progress towards providing new medical treatments for patients by engaging the most effective global industry partners."
Elona Baum, the agency's s general counsel and vice president of business development, said the program "represents a new era for CIRM."
Under the RFA, the agency will award up to $10 million each for three grants or loans. The program, however, is not limited to businesses. Non-profits may apply as well. Representatives from industry have complained about a strong tilt on the part of CIRM towards academic and non-profit research enterprises. The CIRM board is dominated by representatives from those two sectors.
The program grew out of recommendations in November 2010 from an "external review" panel put together by CIRM that said the agency needed to do better with business. The refrain was heard again directly from stem cell firms at last week's hearing by the Institute of Medicine on the stem cell agency's performance. According to CIRM's figures, businesses have received $54 million in grants and loans since 2005, the first year the CIRM board approved grants, out of a total of $1.3 billion.
Only one news outlet has written a story so far about the posting of the RFA and the press release, as far as can be determined.
Ron Leuty of the San Francisco Business Times said,
"The most likely candidates to attract industry funding would be CIRM’s 'disease team' grant winners, who face a deadline of 2014 to bring a project to the point of first-in-human clinical trials. CIRM has weighed options for pushing those projects — there are 13 of them now — deeper into the FDA approval process."
CIRM said in the RFA material,
"The intent of the initiative is to create incentives and processes that will: (i) enhance the likelihood that CIRM funded projects will obtain funding for Phase III clinical trials (e.g. follow-on financing), (ii) provide a source of co-funding in the earlier stages of clinical development, and (iii) enable CIRM funded projects to access expertise within pharmaceutical and large biotechnology partners in the areas of discovery, preclinical, regulatory, clinical trial design and manufacturing process development.
"This initiative requires applicants to show evidence of either having the financial capacity to move the project through development or of being able to attract the capital to do so. This may be evidenced by, for example, (i) significant investment by venture capital firms, large biotechnology or pharmaceutical companies and/or disease foundations; or (ii) a licensing and development agreement with a large biotechnology or pharmaceutical company or a commitment to enter into such an agreement executed prior to the disbursement of CIRM funding.
"The objective of the first call under this initiative, the Strategic Partnership I Awards, is to achieve, in 4 years or less, the completion of a clinical trial under an Investigational New Drug (IND) application filed with the Food and Drug Administration (FDA)."
CIRM has scheduled a webinar on the RFA for prospective applicants for next Wednesday, April 25. It is asking for registration and questions in advance.
(Editor's note: An earlier version of this article did not contain the sentence about businesses receiving $54 million out of $1.3 billion awarded by CIRM.)
Source:
http://californiastemcellreport.blogspot.com/feeds/posts/default?alt=rss
Study Compares Abdominal Aortic Aneurysm Repair Methods
By Dr. Matthew Watson
The interim findings are from a nine-year multicenter trial comparing patient outcomes after endovascular and open surgical repair of AAA. The report included postoperative outcomes of up to two years (average 1.8 years of follow-up) for 881 patients, aged 49 or older, who had endovascular repair (444) or open repair (437).
Endovascular repair is performed through a catheter inserted into an artery. Open repair involves an abdominal incision. Of the 45,000 patients in the United States who undergo elective repair of an unruptured AAA each year, more than 1,400 die in the perioperative period -- the first 30 days after surgery or inpatient status. There's limited data available about whether short-term survival is better after endovascular repair compared to open repair. Read more...
Ayurtox for Body Detoxification
Women on top – Jakarta Post
By Dr. Matthew Watson
![]() Jakarta Post | Women on top Jakarta Post The UNESCO-L'oreal fellowship fund will see her undertake postdoctoral research as a visiting scholar at Harvard Medical School and the university's Department of Microbiology and Molecular Genetics in Harvard University in Massachusetts. |
Source:
http://news.google.com/news?q=molecular-genetics&output=rss
QualityStocks News – Advance Cell Technology Completes Treatment of Third Dry AMD Patient in Phase I/II Clinical Trial
By Dr. Matthew Watson
Scottsdale, Arizona (PRWEB) April 21, 2012
QualityStocks would like to highlight Advanced Cell Technology, Inc., a publicly traded biotechnology company applying cellular technology in the field of regenerative medicine. ACT specializes in the development of cellular therapies for the treatment of diseases and conditions that impact tens of millions of people worldwide. The company applies stem cell-based technologies (both adult and human embryonic) and other proprietary methods in the field of regenerative medicine to bring patient-specific therapies from the lab bench to the bedside.
In the companys news yesterday,
Advanced Cell Technology reported the successful completion of the dosing of the third patient in its phase I/II trial for dry age-related macular degeneration (AMD) using retinal pigment epithelial (RPE) cells from human embryonic stem cells (hESCs).
The company has already conducted the procedure in six other patients at UCLA, and said it anticipates adding more sites in the near future. Gary Rabin, chairman and CEO of ACT, also noted the prestige of individuals participating in the trials.
The completion of enrollment of the first cohort of patients in our dry AMD clinical trial is a significant step forward in our RPE clinical program. The first six patients in the U.S. trials have all been treated at UCLA, and as we have recently announced, the trials should soon expand to additional sites, Rabin stated in the press release. As we have built our clinical team, we have been fortunate to have attracted the attention of some of the highest-caliber ophthalmologists and related institutions in the U.S. and Europe and recognize the huge value that their expertise provides us as we plan for the future of our therapeutic programs. With their guidance, we have also worked with the FDA to successfully expand the criteria of eligibility for patients to participate in our dry AMD trial.
The procedures at UCLA were all conducted by the team led by Steven Schwartz, M.D., Ahmanson, professor of ophthalmology at the David Geffen School of Medicine at UCLA and retina division chief at UCLAs Jules Stein Eye Institute.
Dr. Schwartz reports that there have been no complications with any of the procedures, nor have there been any safety issues.
ACT currently is conducting three clinical trials in the U.S. and Europe using hESC-derived RPE cells as treatment for various forms of macular degeneration.
We are extremely pleased with the progress being made in all three of our clinical trials here in the U.S. and the UK, stated Robert Lanza, M.D., ACTs chief scientific officer. The data we are reviewing seems to be pointing in the appropriate direction. We still have many patients left to treat during the course of these trials, but our team remains hopeful that stem cell-derived RPE cells may someday provide a new therapeutic approach for the treatment of many forms of macular degeneration. We hear from patients who suffer from these diseases on nearly a daily basis, and appreciate the huge responsibility we have to them.
CONTROVERSY CONTINUES OVER FOOD SAFETY AND GENETIC ENGINEERING – The Cypress Times
By Dr. Matthew Watson
![]() The Cypress Times | CONTROVERSY CONTINUES OVER FOOD SAFETY AND GENETIC ENGINEERING The Cypress Times Those who support genetic engineering of animals and fish say it will increase the human food supply. But is it dangerous for people to ingest unnatural foods? Photo credit: News with Views/Paul Walter While most of the White House's focus is on ... |
Source:
http://news.google.com/news?q=genetic-engineering&output=rss
Barry Callebaut investigates Acticoa for ageing, longevity
By Dr. Matthew Watson
Dark chocolate has been much on the news lately thanks to research on the healthy potential of its high antioxidant content. Barry Callebaut has devised a process with which it says it can preserve more of the natural polyphenols than is possible through conventional methods.
So far chocolate produced using this process, called Acticoa, has been marketed mainly on the basis of its high polyphenol content and health benefits associated with polyphenols. But with positive results from a pre-clinical trial in which rats that suffered oxidative stress and were fed the chocolate were seen to live considerably longer than rats that received a placebo, the company is paving the way to market it to the burgeoning anti-ageing market. Read more...
Depression drugs linked to falls in elderly
By Dr. Matthew Watson
Falls are the leading cause of accidental death in the elderly population of adults over 65 years of age. A recent study found that elderly people who suffer from dementia are more likely to suffer falls if they are given anti-depressants.
Selective serotonin uptake inhibitors (SSRIs) are frequently prescribed to dementia patients, who often also experience depression. The British Journal of Clinical Pharmacology reported that the risk of elderly injuring themselves from falls was TRIPLED after they were given SSRIs. This class of drugs includes the popular depression drugs Prozac and Paxil, which have long been considered first-line therapy for treatment of depression in older adults.
The high risk of falls following treatment with older anti-depressant medications is well established, as these drugs have long been shown to cause unpleasant and dangerous side effects in elderly such as dizziness and unsteadiness.
Although the medical industry and Big Pharma made claims that the newer SSRI-type anti-depressant drugs would likely reduce these dangerous consequences, the latest research from the Erasmus University Medical Center in Rotterdam appears to show the reverse. Read more...
Cook launches new Cook General BioTechnology division – Zenopa
By Dr. Matthew Watson
![]() Indiana Public Media | Cook launches new Cook General BioTechnology division Zenopa Cook Group has announced the formation of Cook General BioTechnology, a new business unit that will support research into cell-based medical therapies. The division is being introduced following the group's acquisition of the assets of General ... Cook Group Forms Cook General BioTechnology, LLCMarketWatch (press release) Briefly Around the State + NationIndianapolis Star Medical-device maker Cook Group acquires Indianapolis cell, tissue processing ...The Republic |
Source:
http://news.google.com/news?q=biotechnology&output=rss
Microsoft Lync Pilot Aids AstraZeneca Sales Rep, Researcher Collaboration – Health Care IT – News & Reviews – eWeek.com – eWeek Mobile
By Dr. Matthew Watson
Via Scoop.it – inPharmatics
Biopharmaceutical vendor AstraZeneca has launched a unified communications pilot using Microsoft Lync to improve collaboration among pharmaceutical sales reps, doctors and researchers.
Via mobile.eweek.com
CEO of Biotime’s Comments on Stem Cell Agency and Development of Therapies
By Dr. Matthew Watson
Michael West, CEO of Biotime, Inc.of Alameda, Ca., has published the text of his prepared remarks to the Institute of Medicine panel examining the performance of the $3 billion California stem cell agency.
Here is one excerpt from the statement by West, who was also CEO at Advanced Cell Technology and founded Geron.
"To put it simply, stem cell research by itself will not lead to cures. Research and DEVELOPMENT leads to cures. In my opinion, if CIRM fails to deliver on its goal to deliver cures, it will not be a result of internal governance issues. Instead, it will be a result of inefficient capital allocation. A graphic way of visualizing my point is to say that CIRM has historically funded primarily research, and little product development, i.e. large “R” little “d”. Approximately 5% of CIRM’s expenditures have been allocated to biotechnology and health science entities whose expertise is product development, and 95% has been allocated to nonprofit institutions in the state for basic research. Human therapeutic product development in the United States requires a very intense and expensive process for approval that is primarily focused on development side of the equation. In this respect, therapeutic approvals differ significantly from the discovery and development of silicon-based technologies that have been so successfully commercialized in California."
Here is a link to the full text of what West posted on the Biotime web site.
Source:
http://californiastemcellreport.blogspot.com/feeds/posts/default?alt=rss
California Stem Cell Agency Cited for Improvements in Transparency
By Dr. Matthew Watson
IRVINE, Ca. – The $3 billion California stem cell agency was praised this week for making progress in accountability and transparency during the last year.
The comments came from a representative of California state Controlller John Chiang, the state's top fiscal officer and who also chairs the only state entity specifically charged with financial oversight of the stem cell agency and its board.
Ruth Holton-Hodson, deputy state controller, told the blue-ribbon Institute of Medicine panel examining the performance of the stem cell agency that the controller's office "would like to acknowledge the progress the new leadership has made in the last year towards making CIRM a far more transparent and accountable agency than it has been in the past."
CIRM has a new chairman, J.T. Thomas, a Los Angeles financier, who has been in place since the beginning of last July. He succeeded Bob Klein, who was the initial agency chairman and who took office in 2004.
In her testimony at the IOM hearing here on Tuesday, Holton-Hodson discussed previous problems that CIRM had with the transparency of its budget. She said,
"We are very pleased that CIRM’s new leadership recognized this as a problem and quickly adopted a much more transparent budget format which is broken down by function. To make CIRM’s expenditures as transparent as possible, we have also recommended that they post the annual budget on the website. Again, we’re pleased to say that the new leadership has agreed to do this."
She also said,
"At our most recent meeting (of the Citizens Financial Accountability and Oversight Committee), we also recommended that CIRM post all of its private donations and they have agreed to do this."
Holton-Hodson criticized the dual executive arrangement at CIRM that is written into law by Proposition 71. She said,
"It is difficult to uphold the appearance of accountability and objectivity when the board chair has direct line authority over some CIRM staff positions. In essence under the current model, the chair is responsible for evaluating and approving some of the work of the chair.
"While this issue is still outstanding, it is important to acknowledge that the current leadership has made significant progress in more clearly delineating the responsibilities of the chair and the president."
Here is the full text of Holton-Hodson's remarks.Statement from California state controller's office to IOM-CIRM panel April 10, 2012
Source:
http://californiastemcellreport.blogspot.com/feeds/posts/default?alt=rss
Correction: ACT Not Rejected 15 Times by California Stem Cell Agency
By Dr. Matthew Watson
A venture capitalist who said earlier this week that the California stem cell agency rejected 15 grant applications from Advanced Cell Technology this afternoon retracted the statement, which he said was incorrect.
Gregory Bonfiglio, managing partner in Proteus Regenerative Medicine, said in an email,
"Although I believed that number to be true at the time I stated it, I have now determined that the number of CIRM grant applications ACT filed as the principal investigator was substantially below 15."
Bonfiglio made the assertion Tuesday at a meeting of the Institute of Medicine panel looking into the performance of the $3 billion California stem cell agency, which has been criticized for its lack of funding of biotech firms.
Here is more of what Bonfiglio had to say in his email this afternoon,
"Unfortunately, your California Stem Cell Report posting on April 11 contains some inaccurate information, for which I appear to have been the source. As you will recall, I stated during the IOM Panel that Advanced Cell Technology had submitted multiple applications for funding from CIRM, but had been unsuccessful in obtaining any funding from CIRM. I also stated that ACT had been involved in “15 grant applications” to CIRM. You highlighted that number in your April 11 California Stem Cell Report posting. Unfortunately, that number is not accurate. Although I believed that number to be true at the time I stated it, I have now determined that the number of CIRM grant applications ACT filed as the Principal Investigator was substantially below 15. The number I quoted in the IOM Meeting on April 10 included applications in which ACT had some involvement, but was not the lead principal Investigator. ACT has filed several applications for CIRM funding as the lead PI, but the number of CIRM applications in which ACT was the lead PI was far below 15. Moreover, some of ACT’s direct applications for CIRM funding were withdrawn by ACT, rather than denied by CIRM.
"I would request that you correct this inaccuracy regarding ACT's applications for CIRM funding as soon as possible. I'm sure you will agree that the regenerative medicine community, and the general public, have a real and significant interest in obtaining accurate information about developments at CIRM, and that the publication of inaccurate information is a tremendous disservice to all involved. More importantly, ACT is a publicly traded company and the publication of inaccurate information regarding ACT, its technologies, or its funding could have adverse consequences for the company. Furthermore, as an active participant in the regenerative medicine community who has spent his professional career developing a reputation for honesty, accuracy, and integrity I am very concerned that I might be the source of inaccurate information regarding developments within the field of regenerative medicine. For these reasons, I would ask that you retract the statement in your April 11 Blog posting that ACT was 'rejected 15 times for funding' by CIRM, and that you refrain from making any other statements to that effect.
"I appreciate your cooperation in this regard, and I would request that you move quickly to correct the inaccuracy in your April 11 Blog posting. As I am sure you are aware, information in blog postings is sometimes picked up by more traditional media, and I would not want any republication of this inaccurate information regarding ACT’s grant applications to CIRM."
At the time Bonfiglio made his comments concerning ACT, top officials of the stem cell agency were in the room, but did not make any statement concerning his assertion. On the morning of April 11 prior to publication of the item, the California Stem Cell Report asked ACT for comment .
No response has been received from ACT about the figure. CIRM also has not commented since the item appeared.
Source:
http://californiastemcellreport.blogspot.com/feeds/posts/default?alt=rss