Purchase the book Right to Recover

Right to Recover ~ Winning the Political and Religious Wars Over Stem Cell Research in America presents scientific facts that challenge readers to think for themselves rather than accept political or religious views on stem cell research.

www.nightengalepress.com


This book is available by request in bookstores nationwide.


RIGHT TO RECOVER is an Award-Winning Finalist in the Current Events: Political/Social of the National Best Books 2007 Awards. Amazon Best-selling book in biomedical category.


Saturday, May 26, 2007

Research is Only Half the Battle

A California bill, SB 771 (Kuehl, Runner), was due to be heard at the finance committee last Monday. This bill is a threat to the application of the research results—putting at risk the development of research into usable products and actual cures.

Senate Bill 771 sounds good at first—even to the choice of numbers on the bill, so that it sounds like Proposition 71—and who would not want the state to receive financial rewards for its investment? Everything came down to one man’s decision, Senator Tom Torlakson. He could either let the bill come to a vote immediately, or put it into the “suspense file”, which meant more time would be taken to study it.

Research is only half the battle. After scientists do their heroic labors, and find a potential cure, it must still be developed into a product, and then made available to the public. It costs an average one billion dollars to take one new medicine from tested concept to available product. As a result, many good ideas die before they are developed.

The development of these products has been funded with private money. For a corporation to risk that kind of money, they need ownership. But what if there are so many requirements the corporations do not get involved, and there are no cures to share?

Senate Bill 771 would impose an endless royalty (a tax by any other name) of 2-5% on all products which spring from California’s new stem cell program, plus 25% of net licensing revenues, plus a complicated formula guaranteeing access to low-income Californians.

Learn more about the issues of affordability and financial return carefully studied and debated by California’s Independent Citizens Oversight Committee (ICOC) here…

No comments: