Senate approves $25M bioscience investment program with oversight requirements
The Senate passed a substitute for Senate Bill 119 to create a bioscience investment mechanism that would seed up to $25 million to attract private co-investors; proponents said strict milestones and oversight limit taxpayer risk.
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The New Mexico Senate on third reading approved the Finance Committee substitute for Senate Bill 119, a measure to seed the state’s Bioscience Authority with public funds to co-invest alongside private partners in early-stage bioscience companies.
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