Advanced Cell Commends Massachusetts Governor Deval Patrick's Decision to Push to Reverse Stem Cell Research Restrictions
Tuesday April 3, 12:16 pm ET


ALAMEDA, Calif.--(BUSINESS WIRE)--Advanced Cell Technology, Inc. (OTCBB: ACTC - News) commends Massachusetts Governor Deval Patrick's decision to reverse stem cell research restrictions imposed by his predecessor, Mitt Romney. Patrick told a roundtable of biotechnology officials at a meeting of the Life Science Council, "I believe that life sciences should be guided by science, not politics." Many in the scientific community contended that Romney's restrictions could have prevented them from using some stem cells. It was also widely asserted that the restrictions undercut a 2005 law that was approved by the state legislature over Romney's veto. Should Patrick successfully reverse the research restrictions, Massachusetts will join a growing number of states that have passed legislation or proposed initiatives to expand funding for embryonic stem cell research. These states include, but are not limited to, California, New York, New Jersey, Connecticut, Florida, and Missouri.
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Commenting on the Governor's initiative, Martha Coakley, Attorney General of Massachusetts, recently stated, "I applaud the Governor for taking steps to reverse the regulations put into place by the Romney administration restricting stem cell research in Massachusetts. Through stem cell research, we have the opportunity to cure so many diseases and improve the lives of countless people, not only in Massachusetts, but throughout the country, and in fact, the world."

William M. Caldwell, IV, Chief Executive Officer and Chairman of Advanced Cell Technology, commented, "We could not be more pleased with Governor Patrick's decision to follow-through on his campaign promise to reform the restrictive nature of the stem cell research environment in the state of Massachusetts. We hope this serves as a catalyst for other state governments to move in the same direction, ultimately providing a platform for funding not only for research, but for developmental projects that already exist. The opportunity is at hand for the state to quickly emerge as a national leader in this area of research, by focusing the funding on the translation of the basic science into bedside therapies. Furthermore, we believe that the potential for lifting restrictions on and expanding funding for embryonic stem cell research will help Massachusetts keep biotechnology companies and jobs in the state, where we maintain one of our two principal research and development laboratories."

I dont know if it's really big news by it's self... but if other states with similar legislation follow suit it could be big

After the news today - ACTC went up 0.17
Ilove this company - but imo only

Advanced Cell Technology, Inc. Applauds California Supreme Court's Decision Regarding $3 Billion Stem Cell Research Program, Proposition 71
Thursday May 17, 9:36 am ET  
"Request Denied" Ruling Clears Final Hurdle to State Funding of Research

ALAMEDA, Calif.--(BUSINESS WIRE)--Advanced Cell Technology, Inc. (OTCBB: ACTC - News) applauds the $3 Billion Stem Cell Research Program, Proposition 71, upheld yesterday by the California Supreme Court. In a "request denied" ruling, the California Supreme Court declined to review the challenge brought forward by opponents of the measure.


The challenge to Proposition 71 was not upheld by the state appellate court in February of this year. It was then brought before the state Supreme Court, which yesterday declined to consider the petitions.

William M. Caldwell, IV, Chairman and Chief Executive Officer of Advanced Cell Technology, commented, "California voters made their intentions clear three years ago by voting for Proposition 71: they want California to be in the forefront of supporting stem cell research, which has the potential to cure a host of diseases and degenerative conditions. Yesterday, at long last, the final roadblock to implementing the will of the people of the Golden State has been cleared. Yesterday's decision means that California is now on its way to becoming the world's single largest backer of stem cell research. Indeed, the state could start issuing bonds in the very near future."

Mr. Caldwell continued, "Advanced Cell Technology is fortunate to be headquartered in the great state of California as we work to accelerate the transition of our stem cell therapies to the bedside."

About Advanced Cell Technology, Inc.

Advanced Cell Technology, Inc. is a biotechnology company applying embryonic stem cell technology in the emerging field of regenerative medicine. The company operates facilities in Alameda, California and Worcester, Massachusetts. For more information about the company, please visit http://www.advancedcell.com.