Your last-minute guide to Proposition 38: Research funding for immunology, immunotherapy
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Set us as preferred The Trump administration has frozen, terminated or delayed billions in congressionally approved research grants since last year.Proposition 38 aims to backfill some of that loss by creating a stable source of money to fund immunology and immunotherapy research.
Proposition 38 would authorize the state to issue $8.4 billion in bonds to fund immunology and immunotherapy research to uncover treatments that help the immune system fight diseases such as cancer and Alzheimer’s disease more efficiently.The measure would require at least $4.2 billion of the funds to be used for immunology research on cancer, heart disease and Alzheimer’s.
It also would authorize the state to enter a partnership with an immunology and immunotherapy research institute selected by the California Department of Public Health and allocate half of the bond revenue to it.The remaining funds would be used for competitive grants that focus solely on immunology and immunotherapy research.Californians would take on an increased cost of $500 million to $600 million annually to repay the bond for about 20 years, according to the Legislative Analyst’s Office.The Yes on 38 campaign says the proposition pays for itself: 10% of all proceeds from the licensing of immunotherapies must be returned to the state to offset the total cost of the bond measure, including interest.
However, it’s difficult to predict whether any research projects will lead to marketable treatments.California Prop 38 aims to fund immunotherapy research to prevent and cure diseases through bonds.
An opponent says it is a debt-financed model that prioritizes a few diseases.Proposition 38 is backed by organizations including the Michael J.Fox Foundation for Parkinson’s Research and the ALS Assn., as well as a majority of local chapters of Democratic organizations ...