Tuesday, March 07, 2006

California Stem Cell Initiative In Judges Hands

California's $3 billion stem cell research program is now dependant upon Alameda County's Superior Court which will rule if the program is constitutional after March 15th.

A ruling by Judge Bonnie Sabraw is not expected to end current fighting over the program. Both sides of the stem cell controversy predict the case is to be appealed to the California Supreme Court.

In all likelyhood, this means it could be months before the stem cell agency can issue bonds to begin financing research. Even if the stem cell agency receives a favorable ruling from Sabraw. Investors will not want to purchase bonds while appeals are pending.

Read more in California - Stem cell program in judge's hands