Cirm has 25 million to distribute, and it is going ONLY to FDA approved projects, HELLOOOOOO
and NIH will throw us another 3 million as they did last year. The burn rate they just posted is 2.3 million a 1/4 so your only talkin about 9.2 a year, they have 12 in the bank and access to another 15 million if need, and now this, what a great investment, plenty of time and plenty of funding, not to mention a jv with cha, and 2 future jv's for the hemangioblast and the ocular project, what a home run ths will be.
What will really be very interesting is when religious conservative discover that this company can do the research w/o destroying the embryo. ACTC should contact the major denominations and do some PR.
But yes; it is wonderful news! Good for ACTC and good for America. Not often I can praise Obama, but I agree with him on this.