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« Today's Globe: Hepatitis C, biotech lures, Fox appeal, stent failure, Edward Schulman, pigs in China | Main | Governor seeks $1 billion for stems cells, other life sciences research »

Tuesday, May 8, 2007

Governor to announce $1 billion life sciences plan

Governor Deval Patrick plans to announce a $1 billion life sciences initiative this afternoon at the BIO International Convention.

Patrick and Lieutenant Governor Timothy P. Murray will unveil the proposal at the Boston Convention and Exhibition Center, which is hosting the world's largest biotechnology conference.

The $1 billion initiative would blend bond money and state appropriations over 10 years, according to a Patrick aide who requested anonymity because the official announcement will not be made until this afternoon. The proposal was described by the aide as a partnership between government, private industry, and university researchers that would "make Massachusetts a leader in the life sciences industry."

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