California to Spend $41,000 an Hour on Stem Cell Research

Budget Calls for $162 Million on Clinical Stages

California’s stem cell agency, which is tackling everything from cancer to incontinence, has set itself on a course to give away $41,096 an hour during the next 12 months. 

And that’s just a placeholder. The figure could well be higher if the agency dives more deeply into clinical trials, which are vastly more expensive than basic research. 

The rate of t…