"The impact of our stem cell investments is dramatic in terms of revolutionizing health care treatment and protecting the lifeblood of our economy our pharmaceutical and biotechnology industries," said Senate President Richard J. Codey, D-Essex.
Abortion foes, who oppose embryonic stem cell research because it destroys human embryos, decried the plans and have filed a lawsuit against the state to block it from asking voters next month whether to approve borrowing $450 million for stem cell research grants.
An appeals court is expected to decide the lawsuit soon.
Marie Tasy, the executive director of New Jersey Right to Life, which filed the lawsuit, charged supporters of state investment in stem cell research with "shamelessly exploiting the sick and infirmed with empty promises of miracle cures and false economic benefits."
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