Mr. Speaker, in 2008 Massachusetts signed legislation that would set aside $1 billion toward biotechnology over 10 years to turn the state into the second largest with regard to stem cell research in the United States.
Governments are investing because regenerative medicine represents an enormous economic opportunity, a conservative $2 billion to $3 billion range over the next three years. Canada's stem cell researchers need more money. For example, diabetes costs Canada $12 billion annually. As President Obama stated, “Medical miracles do not happen simply by accident”. They require investment in people, research, equipment and facilities.
We need to invest in our world-class stem cell researchers and their work. Does the hon. member support more money for stem cell research?