Watch CBS News

Prop 14 Stem Cell Research Funds For CA Institute For Regenerative Medicine (CIRM) Leading

OAKLAND (AP/CBS SF) -- A proposition that would keep alive first-of-its-kind stem cell research program in the East Bay was leading after the polls closed on Tuesday.

With about 6 million votes counted, Proposition 14 was ahead 53% to 47%.

The measure would authorize a $5.5 billion bond sale to bail out the California Institute for Regenerative Medicine (CIRM), which was created by a similar $3 billion bond measure in 2014 but is now nearly broke.

Oakland-based CIRM recruits scientists from all over the world. It funds clinical trials for stem-cell based therapies for incurable diseases. There are currently dozens of on-going trials in such areas as blood cancer, diabetes and HIV/AIDS.

With dozens of stem cell research trials underway, supporters say the money is desperately needed.

Opponents say that in a pandemic-induced economic crisis, California simply can't afford it.

© Copyright 2020 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.