Navigation Links
Consumer Advocate Testifies in Support of Stem Cell Oversight Legislation

SACRAMENTO, Calif., April 2, 2008 /PRNewswire-USNewswire/ -- In testimony to be delivered today before the Senate Health Committee, Consumer Watchdog (formerly The Foundation for Taxpayer and Consumer Rights) backed a bill in the California Senate intended to reform the state stem cell agency.

The bill, SB 1565, was introduced by Sen. Sheila Kuehl (D-23) and Sen. George Runner (R-17) and seeks to ensure California's neediest residents will have access to therapies and drugs made possible by stem cell agency funding. The legislation also requires California's Little Hoover Commission to study the agency's conflict-ridden governance structure and report to the Legislature by July 1, 2009.

"The stem cell agency's oversight board was designed with built-in conflicts of interest and it's too big to be effective. They always have difficulties mustering a quorum," said John M. Simpson, Consumer Watchdog's Stem Cell Project Director. "An outside analysis by unbiased observers can only be good. A hard-nosed look by the Little Hoover Commission is just what's needed."

Consumer Watchdog said the provisions in the bill seeking to guarantee the state's neediest residents have affordable access to the results of state funded research are commendable steps in the right direction, but in fact do not go far enough to protect the interests of all California residents who are paying for the $6 billion stem cell program.

"We need a provision that allows the State Attorney General to intervene if drugs or therapies funded by the stem cell agency are priced unreasonably," said Simpson. "We've seen too many cases where companies benefit from publicly funded research and then set prices at obscene levels. They act like socialists when seeking research funding but are greedy capitalists when there are profits on the table."

Consumer Watchdog said the leadership of the stem cell agency, the California Institute for Regenerative Medicine (CIRM), too frequently operates as if it were not a state agency. "SB 1565 is an important reminder that it is a public agency and that the Legislature should have a role in its oversight," said Simpson.

Proposition 71 that created CIRM provides that the act can be amended three years after the initiative was passed. Amendments require a super-majority of 70 percent. The initiative passed by 59 percent of Californians in 2004. Consumer Watchdog's Stem Cell Oversight and Accountability Project is working to ensure that California's landmark stem cell research program offers accessible and affordable cures and treatments to the taxpayers who have funded it. The program will sell $3 billion in bonds over a decade to fund stem cell research. Financing charges mean the project, the largest source of stem cell research funding in the world, will cost California taxpayers $6 billion.

Consumer Watchdog is California's leading non-profit and non-partisan consumer watchdog group. For more information visit us on the web at:

SOURCE Consumer Watchdog
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. Wyeth Consumer Healthcare Supports U.S. Food and Drug Administration Decision for Over-the-Counter Cough and Cold Medications in Children under Two Years of Age
2. Genelex Corporation Defends Consumers Right to Obtain DNA Information:
3. Neptune Technologies & Bioressources Inc. Secures Access to Nationwide Consumer Mass Market in the United States
4. California Stem Cell Board Member Violates Conflict Rules; Should Resign From Committee, Consumer Group Says
5. GlaxoSmithKline Consumer Healthcare Recommends Maintaining FDAS Current Two-Class Drug System
6. Consumers Call On Interstate Stem Cell Group To Endorse Open Meetings
7. Project on Emerging Nanotechnologies and Consumers Union collaborate on ConsumersTalkNano
8. Statement on Direct-To-Consumer Genetic Testing
9. Consumer Advocates Praise Interstate Stem Cell Open Meeting Decision
10. International Association of Fire Fighters (IAFF) Advocates Screening Fire Fighters for Carbon Monoxide Poisoning Using Pulse CO-Oximetry
11. Hepatitis B Foundation Testifies Before Congressional Appropriation Committee and Urges More Federal Funding for Hepatitis B
Post Your Comments:
(Date:6/24/2016)... on a range of subjects including policies, debt and investment ... Speaking at a lecture to the Canadian Economics ... the country,s inflation target, which is set by both the ... "In certain areas there needs to be frequent ... not sit down and address strategy together?" He ...
(Date:6/24/2016)... ... June 24, 2016 , ... Researchers at the Universita Politecnica delle Marche in ... peritoneal or pleural mesothelioma. Their findings are the subject of a new article on ... biomarkers are signposts in the blood, lung fluid or tissue of mesothelioma patients that ...
(Date:6/23/2016)... June 23, 2016   Boston Biomedical , ... compounds designed to target cancer stemness pathways, announced ... granted Orphan Drug Designation from the U.S. Food ... gastric cancer, including gastroesophageal junction (GEJ) cancer. Napabucasin ... to inhibit cancer stemness pathways by targeting STAT3, ...
(Date:6/23/2016)... 2016 Houston Methodist Willowbrook Hospital has ... Association to serve as their official health care ... Willowbrook will provide sponsorship support, athletic training services, ... coaches, volunteers, athletes and families. "We ... Association and to bring Houston Methodist quality services ...
Breaking Biology Technology:
(Date:4/26/2016)... and LONDON , April ... part of EdgeVerve Systems, a product subsidiary of ... today announced a partnership to integrate the Onegini ...      (Logo: ) ... their customers enhanced security to access and transact ...
(Date:4/19/2016)... -- The new GEZE SecuLogic access control ... system solution for all door components. It can be ... interface with integration authorization management system, and thus fulfills ... dimensions of the access control and the optimum integration ... considerable freedom of design with regard to the doors. ...
(Date:4/15/2016)... DUBLIN , April 15, 2016 ... of the,  "Global Gait Biometrics Market 2016-2020,"  report ... ) , ,The global gait ... CAGR of 13.98% during the period 2016-2020. ... movement angles, which can be used to compute ...
Breaking Biology News(10 mins):