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From: Steven Victor MD 111.11111..... 
Sent: 11/23/2012 1:06:38 PM 
To: 
CC: 
Subject: Report on Stem Cells future 
PUBLISHED: 22 NOVEMBER 2012 
The view from the US: Stem cell therapy steps up a gear with first 
approval and improved political climate 
Special Report 
Peter Winter 
Positive clinical data, increases in federal funding and the first regulatory approval of a manufactured stem 
cell product mean momentum is building in the US. With the re-election of President Obama, this is likely to 
conf nue 
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Image: Bigstock 
When US President Barack Obama came into office he made good on his promise to overturn President George W. Bush's executive 
order that - with the exception of a handful of existing stem cell lines - prohibited federal funding of human embryonic stem cell (hESC) 
research. 
Special Report - Stem Cell Research under Horizon 2020 
Stem Cell Research in Horizon 2020: Experts debate what Europe must do to maintain its lead in regenerative medicine  
The view from the US: Stem cell therapy steps up a gear with first approval and improved political climate  
View from Europe: Delivering on the vision of regenerative medicine and stem cells  
Talking to the experts: Why the EU should support human embryonic stem cell research in Horizon 2020  
OVERVIEW: Regenerate the future - human embryonic stem cell research is crucial to deliver health and growth  
This easing of restrictions on hESC research was expected to engender enough confidence to attract investors into the space and 
encourage pharmaceutical and biotech companies to build robust product pipelines based on stem cell therapies. However, a tougher 
regulatory climate for biopharmaceuticals in general and a protracted legal challenge to the relaxing of rules on hESCs has served to 
keep both big pharma companies and venture capitalists on the sidelines to date. 
Nevertheless, there has been progress, particularly at the resear

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