Tuesday, February 26, 2008

Stem Cells and the 2008 Presidential Election

CNNMoney.com: Stem cells: A sure bet in the '08 race, by Aaron Smith:

NEW YORK (CNNMoney.com) -- Whoever wins the White House, stem cell biotechs stand to reap the benefit from an incoming leader who is friendlier to stem cell researchers than President Bush, and that could lift stocks for the entire sector, experts say.

"Any candidate is going to have a better policy on stem cells than our current president," said Ren Benjamin, biotech analyst for Rodman & Renshaw. "If that's the case, then it will be good news not only for the companies working in the space, but for the space in general."

The three leading presidential candidates - Sen. John McCain, a Republican from Arizona, and Democratic Sens. Hillary Clinton of New York and Barak Obama of Illinois - have all come out in support of expanded federal funding of human embryonic stem cell research.

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