huge stem cell news

Stem cell industry set to break out
With California finally free to spend $3 billion on embryonic research, the stage could be set for a hot new biotech sector.........
Robin Young, a private analyst and author of "Stem Cell Analysis and Market Forecasts 2006-2016," sees California's public financing and the rapid progress of the stem cell industry on the whole as comparable to man landing on the moon.

"I maintain stem cells will be used in just about every area of medicine and are probably the single most important medical innovation in the last generation," Young said. "As we look back we could never have predicted how big (landing on the moon) was, and I think the same thing is happening here."

Stem cells are considered valuable due to their ability to replace other cells and tissues. Advocates say embryonic stem cells, taken from the inner cell mass of a human embryo, often during in-vitro fertilization treatments, are especially useful because of their ability to develop into nearly any tissue in the human body....................Big Pharma blurring the lines with Big Biotech
Young sees sales of treatments and therapies associated with stem cells growing from $30 million this year to $700 million by 2010 and $8.5 billion by 2016.

Driving most of that growth for the first several years, though, will be products generated from adult stem cells. .............
Couple the new medical developments with the availability of government research funding, and private money will follow.
I think you will start seeing private money start flowing," said Joydeep Goswani, vice president of stem cell research at Invitrogen, a research lab. "That $3 billion, it will change the industry as a whole. I have no doubt about that."