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Stem cell dollars: California leads the way

The state's Institute for Regenerative Medicine, created by voter referendum, has proved adept at getting billionaires to fund facilities for stem cell research.

• The great stem cell dilemma

Ray and Dagmar Dolby Regeneration Medicine Building

UCSF, San Francisco

Benefactor: Ray and Dagmar Dolby

$36 million

Science: It required $123 million to build this architectural marvel alongside a bedrock hill. UCSF researchers are renowned for the progress they're making on potential therapies for neurologic diseases like multiple sclerosis.

@FortuneMagazine - Last updated October 04 2012 06:20 PM ET

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