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A $350 million spending plan that Gov. Matt Blunt originally trumpeted as a godsend for Missouri's life sciences industry was stripped on Thursday of anything relating to that research.

One of those projects would have spent $5.5-million project to help young biotechnology companies build out costly wet lab space in Cortex, a biotech business corridor in midtown St. Louis.

The University of Missouri-Columbia was hit hardest by the new plan, losing an $85 million research center that had once been touted as the centerpiece of Blunt's spending plan. Instead, Blunt is now requesting $31 million to reconstruct the Ellis Fischel Cancer Center on the campus.

<a href="http://www.freerepublic.com/focus/f-news/1798651/posts">Blunt gives up life sciences funding (Stem Cell Story)</a> (freerepublic.com)
Advanced Cell Applauds $3 Billion Stem Cell Research Program, Proposition 71, Upheld Monday By A California Appeals Court

Advanced Cell Technology, Inc. applauds the $3 Billion Stem Cell Research Program, Proposition 71, upheld Monday by a California appeals court. In a unanimous 3-0 ruling judges said Proposition 71 “suffers from no constitutional or other legal infirmity.”

William M. Caldwell, IV, Chairman and Chief Executive Officer of Advanced Cell Technology, commented, “California’s Proposition 71 may be the world’s largest single backer of research in stem cells. We believe a capital infusion could dramatically benefit the stem cell industry, and will fund translational programs, designed to enter the clinic in the near term. We are very proud of Governor Schwarzenegger and California’s leadership in helping to maintain a competitive environment for commercial research and development in the stem cell field. We are also fortunate to be headquartered in the great state of California as Advanced Cell works to accelerate its stem cell therapies to the bedside.”

<a href="http://www.huliq.com/13491/advanced-cell-applauds-3-billion-stem-cell-research-program">Advanced Cell Applauds $3 Billion Stem Cell Research Program</a> (huliq.com)

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