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Earlier this week President Obama signed an executive order lifting the ban on federal funding for embryonic stem-cell research. In his speech made to the American people, he explained that scientific decisions must be “based on facts, not ideology.”
Back in 2001, President Bush moved to restrict federal funding for human embryonic stem cell research, making it the subject of his first prime-time televised speech from the White House. Now, Obama has flipped the tables with one swipe of the pen, a prospect that pleases many Democrats in the Congress. "Signing this executive order sends a clear signal around the world that our nation supports research based on science, not politics," said Rep. Jim Langevin of Rhode Island, a strong backer of stem cell research.
While the Left argue that stem-cell research offers hope for millions of people suffering with debilitating conditions, right-to-life groups hotly oppose this move by the President because they equate it to murder.
This is clearly a very controversial topic. But for the time being, President Obama’s reversal this week of President Bush’s anti-embryonic stem cell policy has turned to the side of science and medicine. And while there is considerable uncertainty as to the ultimate benefits from embryonic stem-cells, companies involved in this research are going to clearly reap the benefits of this change in leadership and policy for at least the next four years.
There are only a limited number of stocks which are pure plays or semi-pure plays in the stem cell industry. However, with the reversal of this ban, this could become a very huge industry. The following list includes stocks that investors should keep on their radars.
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