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PRESS RELEASE: California Biomedical Community to Host Stanford Forum
on Emerging Medical Technologies, the Value of Innovative Therapies
and the Impact of Prop. 71 on Stem Cell Research

November 08, 2004 12:00 PM US Eastern Timezone

PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 8, 2004--Policymakers and
Scientists Join Lifesciences Leaders for Summit on Sustaining the
Golden State's Leadership in Medical Innovation

California policy makers joined leading biomedical researchers,
health policy officials and lifesciences industry leaders at Stanford
University today for the California Healthcare Institute's (CHI)
second annual California Healthcare Policy Forum. The two-day summit
opened discussions on the value of innovative therapies to both
public and private payers, emerging technologies being developed to
meet unmet medical needs and the importance of Proposition 71 in
advancing stem cell research.

"Health care and medical innovation are high on the agenda of our
state and our nation," said CHI president and CEO David Gollaher.
"This forum brings together leaders who will address issues affecting
not only the political and lifesciences communities, but more
importantly, patients suffering from unmet medical needs. CHI
believes that issues, such as stem cell research funding and the
promotion of policies that foster biomedical innovation, are crucial
to continuing the delivery of breakthrough medicines and technologies
to patients in California and around the globe."

CHI's 2004 California Healthcare Policy Forum includes a wide variety
of speakers ranging from state and federal lawmakers, prominent
biomedical industry leaders, public and private payer system
representatives to world class researchers. One of the featured
events is a roundtable discussion on California's leading role in the
advancement of stem cell research with NBC Special Foreign
Correspondent Bob Arnot, M.D., Prop. 71 Chairman Robert Klein, and
Nobel Laureate Paul Berg, Ph.D.

"Voter approval of Proposition 71 presents a distinct opportunity for
California," said Paul Berg, Ph.D., professor emeritus, Stanford
University School of Medicine. "This initiative enables California
researchers, who include world leaders in biomedical research, to
move forward in the quest for better understanding treatments and
cures for conditions such as Parkinson's disease, cancer, Alzheimer's
disease and ALS. State support for this critical research presents
immense hope that stem cell science can help produce breakthroughs in
diseases that are otherwise untreatable or incurable."

The value of biomedical innovation is also a primary topic of
discussion at the forum, as the cost of medicines and new
technologies present challenges to both public and private payers.
The Golden State's biomedical community is opening a dialogue with
state and federal policymakers as well as payers and patients about
how to reign in drug prices without harming innovation and casting a
chilling effect on the venture capital funding needed to drive
research and discovery.

"By bringing together leaders from the worlds of business, academia,
and politics, CHI's California Healthcare Policy Forum is intended to
provide opportunities to explore the issues surrounding the value of
medical innovations and patients' access to care," said Michael A.
Mussallem, CHI chairman, and chairman and CEO of Edwards
Lifesciences. "The Golden State's biomedical community is eager to
work with policymakers to ensure that we continue to deliver medical
breakthroughs to the world and innovative treatments that reach all
Californians who need them."

About The California Healthcare Policy Forum

The CHI California Healthcare Policy Forum will be in session Monday,
November 8 through Tuesday, November 9 at the Frances C. Arrillaga
Alumni Center on the Stanford University campus. The event is
sponsored by Amgen, Deloitte, Ernst & Young, Genentech, Gilead
Sciences, Johnson & Johnson, Kleiner Perkins Caufield & Byers,
Novartis, Pfizer and Wyeth. For more information, visit
www.chi.org/policy_forum/2004.

About CHI

CHI represents more than 225 leading biotechnology, medical device,
diagnostics, and pharmaceutical companies, and public and private
academic biomedical research organizations. CHI's mission is to
advance responsible public policies that foster medical innovation
and promote scientific discovery. CHI's web site is
http://www.chi.org

Contacts:

California Healthcare Institute
Molly Ingraham, 858-551-6677
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or

Dudley Productions
John Dudley, 703-725-7027
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SOURCE: Business Wire (press release), CA
http://tinyurl.com/6rp4s

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