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When the backers of California's stem cell initiative were seeking voter support, they not only promised cures for dread diseases, but also licensing revenue for the state. Prop 71, which will distribute $300 million in grants per year over the next decade for in-state stem cell research, passed with a 59 percent voter approval. But most biotech IP lawyers say it's wildly optimistic to predict that royalty revenue will come to California in the uncertain area of stem cell-derived therapies.
February 22, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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