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Maryland Joins Sprint to Lead in Biotechnology
from the Baltimore Sun
Gov. Martin O'Malley Monday unveiled a proposal to invest $1.1 billion over the next decade to cement Maryland's status as a pre-eminent hub for biotechnology research, including stem-cell studies aimed at finding breakthrough medical advances.
The funding, which would build on existing tax credits and grant programs, would be used to create a biotechnology center, finance capital projects and make equity investments in start-up companies.
O'Malley, a Democrat, said the money could transform Maryland—where the human genome was mapped in 2001—into a global leader in personalized medicine, or the use of genetics to tailor treatments.
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