A coalition of prominent scientists, entrepreneurs and charities is calling on Ottawa to commit half a billion dollars over the next 10 years to boost stem cell research and development in Canada. The request to the federal government works out to one-third of the $1.5-billion in private and public funding the group says this country needs to remain at or near the top of a field that two Canadian scientists helped found with their discovery of adult stem cells in the early 1960s. The rest of the world is not standing still, said Alan Bernstein, chair of the Canadian Stem Cell Foundation, the scientific charity that spearheaded the new Canadian Stem Cell Strategy and Action Plan, unveiled Wednesday in Ottawa. We risk slowing down our investment while the rest of the world is speeding up, so relatively we will fall further and further behind. This sort of research and the clinical trials are both long-term [prospects]. They need sustained investment and they are expensive. In an accompanying report by the consulting firm KPMG, the coalition laid out its goal of producing between five and 10 new made-in-Canada therapies that could transform the health-care landscape in the next decade, such as … Continue reading
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