Kerry stumps for stem cell research
By Val Brickates Kennedy, CBS.MarketWatch.com
Last Update: 12:14 PM ET Oct. 4, 2004
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BOSTON (CBS.MW) -- Democratic presidential candidate Sen. John Kerry plans to plug increasing federal funding for stem cell research during a campaign push through New Hampshire on Monday.
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Kerry is scheduled to hold a town meeting on the subject in Hampton, N.H., where he will be joined by actor Michael J. Fox, who suffers from Parkinson's disease. Fox has been a tireless advocate for stem cell research, which many believe may someday offer keys to better treatment, or even a cure, for such devastating diseases as Parkinson's and Alzheimer's.
Kerry is expected to criticize the Bush administration's long-standing policy of denying federal research funds to organizations and companies that engage in research on stem cells derived from cellular lines that were not in existence prior to 2001. The issue is controversial because stem cells are derived from days-old donated human embryos, which are destroyed in the culling process.
The Kerry campaign also plans to launch a national ad campaign on the subject on Monday.
Stem cell research proponents have argued that research must use newer cellular lines as many of the administration-approved lines have become contaminated. Supporters of the Bush administration's position maintain that new cellular lines should not be created as that would involve the destruction of human embryos.
Kerry and the Democratic Party have argued that the Bush administration's position on federal funding for stem cell research is an example of the administration imposing its own religious views on the scientific community.
Shares of several stem cell researchers were trading higher on Monday. Tiny Aastrom Biosciences (ASTM: news, chart, profile) gained 9.78 percent to $1.01, while StemCells Inc.(STEM: news, chart, profile) advanced 8.33 percent to $1.69. Also gaining were Geron (GERN: news, chart, profile), up 4.83 percent to $6.29, and LifeCell (LIFC: news, chart, profile), up 4.75 percent to $10.55.
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