Mr. Speaker, Canada is globally recognized as a founder and leader of stem cell research. Regenerative medicine has the power to repair, regenerate, or replace damaged cells, tissues, and organs affected by illness.
To further Canada's leadership, today I announced $12 million, allocated through budget 2016, to the Stem Cell Network. Funds will support 31 projects and clinical trials that are developing real world therapies, products, and treatments regarding regenerative medicine.