US Credit Upheaval Hurts One California Stem-Cell Facility; Others Left Unscathed | GenomeWeb
This article has been updated from a previous version to clarify the terms of the Broad Foundation's funding for UCLA and the number of stem cell faculty at the UCLA center.
Though approved for a $20.5 million grant from California’s stem-cell agency to start building a new 65,708-square-foot facility, a private research institution in the state is blaming the troubled US credit markets for its failure to raise the balance of capital it needs to develop the $41 million project.

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