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Governor’s Office Applauds President Obama’s Lifting Restrictions On Stem Cell Research

Dr. Alan Trounson was the guest speaker for the Govenor’s weekly radio address on Tuesday morning’s KVML Newsmaker of the day.here are his words:

"Hi, this is Dr. Alan Trounson, President of the California Institute for Regenerative Medicine, filling in for Gov. Arnold Schwarzenegger with another California Report.

This week President Obama took some major action, action that will be felt throughout the state and for generations to come.

On Monday, the President signed an Executive Order lifting the restrictions on stem cell research that have been in place since 2001.

Federally-funded scientists who had access to just 21 embryonic stem cell lines will now have hundreds to choose from.

The previous rules also forced our universities and research centers to use completely separate laboratories and completely separate equipment for federal projects and for non-federal projects.

This was duplicative, bureaucratic and very costly.

Along with the Governor, I applaud the President’s action which will accelerate the research and development of new life-saving drugs and medicines. We will no longer hold back our scientists and entrepreneurs.

Instead, we will unleash their innovation and ingenuity with every tool at their disposal.

This is great news for the millions of Americans who suffer from Alzheimer’s, Parkinson’s, Multiple Sclerosis and many other chronic diseases.

And it is great news for California.

California is the birthplace of biotechnology and we are leading the nation and the world in stem cell research.

We were the first state to step in where Washington had left off and fund embryonic stem cell research.

In 2004, California voters approved Proposition 71 investing $3 billion to find therapies and break-through cures.

To date, we have awarded nearly $700 million in grants and has been leveraged with $1 billion in private funds.

California is attracting the world’s best scientists, biotechnologists and venture capitalists and with the President’s action we are positioned to receive even more funding and resources.

Here in California we are determined to lead the way in discovering the next big breakthroughs of our time. And all this action not only saves lives but also creates hundreds of thousands of great paying jobs.

California is home to more than 2,000 biomedical companies with annual revenues of $70 billion.

Stem cell research has enormous potential to improve human suffering and quality of life and to boost our economy, and I join the Governor in thanking President Obama for his insightful action.

On behalf of the Governor, this is Dr. Alan Trounson.

Thank you for listening."

The Newsmaker of the Day can be heard each weekday morning at 6:47, 7:47 and 8:47 on AM-1450 KVML.

Written by mark@mlode.com