Tuesday, June 17, 2008

Massachusetts Trumpets Life-Sciences Funding Bill

BOSTON -- Gov. Deval Patrick heads to California for an international biotechnology conference toting a new $1 billion life-sciences bill that he signed into law Monday.

Massachusetts House Speaker Salvatore DiMasi, Nobel Prize winner Craig Mello and New England Patriots owner Robert Kraft joined the governor as he signed the legislation at the Joslin Diabetes Center.

Mr. Kraft has funded medical research, and Mr. Mello is a University of Massachusetts researcher who won the 2006 Nobel Prize for medicine.

The 10-year measure includes $500 million in capital funding, $250 million to fund research grants and $250 million in tax incentives for certified life sciences projects.

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