Senator introduces CIRM bill

California state Sen. Elaine Alquist (D) introduced a bill (SB 1064) that would require management and structural reforms at the California Institute for Regenerative Medicine. The proposed reforms would include requiring grant recipients and their licensees to submit a plan for approval to CIRM that would give uninsured Californians access to any drug that is a result of research funded by CIRM.

The bill also would require all grants and loan awards to be subject to IP agreements, allowing the state to benefit from the patents, royalties and licenses that result from CIRM-funded research. All revenues received under the IP agreements would be deposited in the state's general fund. ...