SHREWSBURY, Mass.The stem cell bank at the University of Massachusetts is set to run out of cash and close at the end of this year.
State and university officials tell The Boston Globe (http://bo.st/LQi71Z ) that changes in technology and federal policies around stem cell research have made obsolete the facility at the U-Mass Medical Center's Shrewsbury campus.
The stem cell bank was established in 2008 with the help of $8.6 million state funding, part of Gov. Deval Patrick's effort to boost the life sciences industry in Massachusetts. Human stem cells were kept and distributed to researchers working on potential cures for diseases and spinal cord injuries.
Experts say new technologies for producing stem cells and the loosening of federal restrictions on research have significantly altered the need for facilities like the one at U-Mass.
Information from: The Boston Globe, http://www.boston.com/globe
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Stem cell bank at UMass to close at year's end
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