01
Feb 2016
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CBC News Health 2

CBC report highlights need for ‘big investment’ in stem cells

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A CBC News report highlights the Canadian Stem Cell Strategy and encourages the Government of Canada to make the next big investment in stem cells and regenerative medicine.

The article, published online yesterday, can be found here.

Headlined “Canada’s stem cell research needs ‘big investment’ to move forward” it quotes Dr. Janet Rossant, President & Director of the Ontario Institute for Regenerative Medicine, as saying Canada does “extremely well on relatively small investments,” but we are not investing the same percentage in stem cell research and development as some of our competitor countries.

Reporter Joseph Quigley cites figures from the Canadian Institutes of Health Research that show the Government of Canada has invested about $705 million in stem cell research since 2001, including $64.5 million in the 2014-15 fiscal year.  In comparison, he notes, California — with a population similar to that of Canada — committed $3 billion in funding in 2004, to be rolled out over about 10 years.

“We’ve been at the forefront, we need to make that next big investment to move the field forward,” says James Price, President  & CEO of the Canadian Stem Cell Foundation.

The Canadian Stem Cell Strategy, he points out, is focused on delivering 10 new curative therapies to the clinic in 10 years while producing 12,000 jobs for Canadians.

 

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