Monday, May 15, 2006

Gabrieli proposes $1B in stem cells, biotech research

Politicians creating soundbites in Boston...

BOSTON --Democratic gubernatorial hopeful Chris Gabrieli proposed Thursday to make Massachusetts more competitive in the biotechnology industry by investing $1 billion in embryonic stem cell research and other life sciences.

Gabrieli said other states are poised to leap ahead of Massachusetts on stem cell research if funding isn't provided, and the state is losing the opportunity to create jobs the longer it waits to expand efforts into the life science field.

"With our hospitals and universities, we have no excuse not to lead the world in stem cell research," said Gabrieli, a venture capitalist.

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