California Senate $12B Research Bond Bill SB 895
• California Senate bill SB 895 has passed, proposing a $12 billion bond to establish a science and health research foundation supporting state universities. • The funds will be distributed via a competitive peer-review process targeting priority areas such as public health, pandemic preparedness, wildfire resilience, and climate studies. • To ensure public benefit, the measure requires drug price discounts and recoupment mechanisms for successful discoveries developed using these public resources.
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