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  • Schwabman Schwabman Mar 10, 2009 7:39 AM Flag

    Lanza - Investors have been coming out of the woodwork

    Mr. Obama’s order is an Emancipation Proclamation for stem cells, said Dr. Robert P. Lanza, chief scientific officer of Advanced Cell Technology Inc. of Worcester, a biotechnology company that already is planning to work with academic collaborators to apply for National Institutes of Health research grants for stem cell work.

    “It not only impacts research in the laboratory, but more important, it lifts the black cloud that has hovered over this field,” he said. For stem cell companies, he said, “raising money has been almost impossible during the Bush administration. Since President Obama was elected, investors have been coming out of the woodwork.”