Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

CIRM awards $72M

The California Institute for Regenerative Medicine (CIRM) approved funding for 19 awards worth $67M under the Early Translation II Awards program.

  • The Early Translation II Awards are the second of what CIRM expects to be a 12- to 18-month award cycle for translational research grants;
  • The funded projects are expected to either result in a candidate drug or cell therapy or make significant strides toward such a candidate;
  • The awards went to 1 for-profit and 11 not-for-profit institutions;
  • The for-profit company iPierian will take its award in the form of a loan;
  • 3 of the awards include collaborators in Germany. The portion of the projects carried out by these collaborators will be supported by the Federal Ministry of Education and Research, the science financing agency in Germany, which will fund up to $15 M for this round of awards.

The 29 governing board also voted to approve the 2nd Research Leadership Award of $4.8M, given to aid in recruiting Peter Coffey, D.Phil from the University College London to the University of California, Santa Barbara:

  • The grant will be spread over 6 years and will back Dr. Coffey’s research on maturing embryonic stem cells into retinal pigment epithelial cells to treat macular degeneration and other forms of vision loss such as diabetic retinopathy and retinitis pigmentosa;
  • Dr. Coffey is part of a team working toward a therapy for macular degeneration led by Mark Humayun, M.D., Ph.D., at the University of Southern California.

Details for the Early Translational II Awards:

  • Arturo Alvarez-Buylla, University of California, San Francisco: $1,752,058
  • Michele Calos, Stanford University: $2,325,933
  • Brian Cummings, University of California, Irvine: $1,708,549
  • David DiGiusto, City of Hope National Medical Center: $3,124,130
  • Dan Gazit, Cedars-Sinai Medical Center: $1,927,698
  • Roslyn (Rivkah) Isseroff, University of California, Davis, and Jose Egana, Technical University of Munich: $4,526,900
  • Catriona Jamieson, University of California, San Diego: $3,341,758
  • Noriyuki Kasahara, University of California, Los Angeles: $3,370,607
  • Henry Klassen, University of California, Irvine: $3,855,277
  • Alysson Muotri, University of California, San Diego: $1,491,471
  • Markus Muschen, Children’s Hospital of Los Angeles, and Andreas Hochhaus, University of Jena: $3,607,305
  • Bruno Peault, University of California, Los Angeles: $5,391,560
  • Peter Schultz, Scripps Research Institute: $6,792,660
  • Yanhong Shi, Beckman Research Institute of City of Hope, and Oliver Bruestle, University of Bonn: $1,731,750
  • Leslie Thompson, University of California, Irvine: $3,799,817
  • Michael Venuti, iPierian: $5,665,887
  • Xianmin Zeng, Buck Institute for Age Research: $6,016,624
  • Mark Zern, University of California, Davis: $5,199,767