Stem-cell firm gets big boost
00:00 am 9/27/05
JUDY NEWMAN jdnewman@madison.com
Cellular Dynamics International - the young company founded by UW-Madison stem- cell research pioneer Jamie Thomson and his partners - is getting a $2 million jump-start from the state.
Using the announcement Monday as both a political statement and an economic growth message, Gov. Jim Doyle said the state is providing a $1 million grant and a $1 million loan to the Madison company. Coupled with $4 million in private investment, Cellular Dynamics plans to use the technology to screen for drugs for heart patients, starting as soon as early 2006.
