Behind Geron’s Announcement
Geron Corporation announced on Monday that it was discontinuing research and development efforts related to stem cell therapies, and focusing its corporate strategy on the development of cancer treating drugs. As a result, the company will eliminate almost 40% of its workforce and close its ongoing GRNOPC1 clinical trial to new patients. There are currently four patients in the trial, who are receiving treatments of embryonic stem cells in order to evaluate whether such cells can safely be introduced into persons suffering with recent spinal cord injuries. The Medical College of Wisconsin was participating in the clinical trial.
It is a sad day for those suffering from spinal cord injury and their loved ones. The treatment pioneered by Geron has shown success in reversing paralysis in rats, and there is some optimism that it might lead to similar regeneration of nerve cells in humans. Geron’s decision to end their research and development efforts does not reflect a determination that this line of research lacks promise. Instead, the corporate decision reflects the cold hard fact that medical research takes years and costs millions, while the financial returns are uncertain and won’t be apparent until the distant future. In other words, when it comes to stem cell therapies, the profit motive may not create a sufficient incentive for private industry to conduct the optimal amount of medical research that our society desires.
This is a topic covered extensively in my recent article on the funding of stem cell research, which argues that federal and state government funding is absolutely necessary in the field of basic medical research. Unfortunately, stem cell researchers are facing the double whammy of a weak economy restricting corporate expenditures and, at the same time, a political environment that is focused on slashing government spending.
It doen’t help when opponents of embryonic stem cell research take every opportunity to make misleading statements about the alleged superiority of adult stem cells as a potential source for cures as compared to embryonic stem cells. The latest example of this willful spread of misinformation comes from an unexpected source. Tommy Thompson, who in 2008 at the Stem Cell Summit in Madison claimed to have single-handedly saved embryonic stem cell research when he served in the Bush Administration, delivered a speech at the Vatican recently where he argued that embryonic stem cell research was unnecessary and could be supplanted by adult stem cell research with little effect.
Thompson knows better. He is well informed on the science of regenerative medicine, both from his time as Governor and Secretary of HHS, and also from his involvment with various stem cell companies in the private sector. Such obsequious pandering from a candidate for public office is not pretty to see.
Our organization, Wisconsin Stem Cell Now, supports all forms of stem cell research. We take this position for the simple reason that there is no scientific basis for picking one form of research versus another as a recipient of government funds. We adamantly oppose efforts by certain interest groups to force a choice between embryonic and adult stem cell research for purely religious reasons. Dr. Paul Knoepfler makes the case for why the choice between embryonic and adult stem cells is a false choice in a recent post on his blog.
My stem cell funding article makes a similar point: until there is some scientific basis for concluding that adult stem cells are superior to embryonic stem cells in all ways and as a treatment for all diseases, research must continue on multiple fronts. Right now, each form of stem cell research presents certain advantages and certain disadvantages. Our organization was founded because we want to help turn cures from a dream into a reality. That won’t happen if our government artificially chooses ”winners” and “losers” among the different research approaches currently underway.
The Geron announcement points out the importance of the public funding of stem cell research. The Tommy Thompson speech points out that the determination of where the public’s dollars will go is inevitably left in the hands of politicians. These politicians are not above using their power to influence funding decisions as a vehicle for winning votes.
I suppose that the public has come to expect that politicians will use tax dollars for public works projects in a way that is designed to please their supporters and garner political suport. But there seems to be something distinctly immoral about this practice when it is translated to the field of medical research. The decision whether or not to fund one type of stem cell research should not be made with an intent to maximize the political benefit to the decisionmaker, especially where the consequences might be that promising medical treatments are delayed or even prematurely abandoned.
Ed Fallone is the President of Wisconsin Stem Cell Now Inc.
