The state would invest $270 million in stem cell research under legislation advanced Thursday by an Assembly committee.
The legislation would provide $150 million for a stem cell research institute in New Brunswick, $50 million for a biomedical research facility in Camden, $50 million for an adult stem cell research facility at the New Jersey Institute of Technology in Newark, $10 million for the Garden State Cancer Center in Belleville and $10 million for the Elie Katz Umbilical Cord Blood Program in Allendale.
The bill has long been pushed by Senate President Richard J. Codey and another version of the measure — allotting $250 million for the research — was previously approved by the Senate. That body must now consider the revised Assembly bill.
Assembly Speaker Joseph Roberts, D-Camden, recently said he hopes the Assembly will approve both stem cell measures by year’s end.