Proposition 71, the California Stem Cell Research and Cures Act, was approved by California voters on November 2, 2004, providing $3 billion in general obligation bond funding for stem cell research conducted at California universities, research institutions, and companies, and establishing a new state agency, the California Institute for Regenerative Medicine (CIRM), to make grants and loans for stem cell research, research facilities, and other research opportunities. CIRM's mission is to accelerate the development of stem cell therapies for patients with unmet medical needs. More.....