This article has been updated to correct the amount of funding being made available to $40 million from the previously reported $16.2 million.

NEW YORK (GenomeWeb) – The National Institutes of Health announced that it will commit as much as $40 million over the next seven years to fund the creation of the National Heart, Lung, and Blood Institute Progenitor Cell Translational Consortium (PCTC), as well as put up $8.2 million for a coordinating center to manage consortium's activities and outreach.