Brind.
  1. CalMatters conducted an investigation involving prominent donor Gary K. Michelson and the California Institute for Immunology and Immunotherapy.

Proposition 38 Passes, Authorizing $8.4B Bond for Immunology Research

1 report, 1 independent Updated Mon 00:00
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What happened

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Proposition 38 passed, authorizing the state to borrow an $8.4 billion bond for immunology and immunotherapy research. The measure, which received 54.2% of votes, will fund research for conditions such as cancer, heart disease, and Alzheimer’s disease. Half of the bond revenue will support a UC-affiliated immunology and immunotherapy research institute, while the remaining half will be distributed to select public universities and nonprofits.

From dailybruin.com

Why it matters

Some supportBrind's analysis of the reports

The funding includes provisions that any drugs created directly through this funding would be discounted by at least 20% for Californians. Additionally, 10% of the revenue generated from these drugs would be returned to the state general fund.

CalMatters conducted an investigation involving Gary K. Michelson and the California Institute for Immunology and Immunotherapy.

From dailybruin.com

Who's involved

  • CalMattersCalMatters discussed the policy proposition put forth by Gary K. Michelson.
  • Gary K. MichelsonGary K. Michelson authored Proposition 38 and is the primary funder of the research institute.
  • University of CaliforniaUniversity of California is affiliated with the research institute that will receive half of the bond funding.

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CalMatters conducted an investigation involving prominent donor Gary K. Michelson and the California Institute for Immunology and Immunotherapy. All 1 developments

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