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Requiring the Department of Health and Mental Hygiene to make grants or loans to applicants conducting biomedical research using adult stem cells or cord-blood-derived-embryonic-like (CBE) stem cells; providing for the amount of research grants or loans; requiring the Department to adopt specified regulations; providing for the eligibility of applicants; requiring applications to be directed to an institutional review board; providing for the duties of the institutional review board; etc.
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