OAKLAND (AP/CBS SF) — A proposition that would keep alive first-of-its-kind stem cell research program in the East Bay was leading after the polls closed on Tuesday.
With about 6 million votes counted, Proposition 14 was ahead 53% to 47%.READ MORE: UPDATE: Santa Rosa Flooding Forces Evacuations in Bennett Valley; Schools Closed
The measure would authorize a $5.5 billion bond sale to bail out the California Institute for Regenerative Medicine (CIRM), which was created by a similar $3 billion bond measure in 2014 but is now nearly broke.
Oakland-based CIRM recruits scientists from all over the world. It funds clinical trials for stem-cell based therapies for incurable diseases. There are currently dozens of on-going trials in such areas as blood cancer, diabetes and HIV/AIDS.READ MORE: UPDATE: Streets Flood in San Rafael, Mill Valley as Wild Storm Lashes Bay Area
With dozens of stem cell research trials underway, supporters say the money is desperately needed.
Opponents say that in a pandemic-induced economic crisis, California simply can’t afford it.MORE NEWS: Atmospheric River: High Winds Topple Trees, Scaffolding in San Francisco
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