SCI Stem-cell pioneer enters the political field in California

Democrat Hans Keirstead is one of five Democrats challenging Rep. Dana Rohrabacher, R-Costa Mesa.

Hans Keirstead, a pioneering stem-cell biologist and multimillionaire businessman who was a professor at UC Irvine for 14 years, announced Thursday he would join the field of Democrats challenging Rep. Dana Rohrabacher, R-Costa Mesa.

Keirstead said the leading motivation for his decision to run was the country’s health care system, with specific concerns about Republican plans that could reduce those with insurance by 23 million those with insurance and with regulatory fee hikes for companies doing lifesaving research.

“That is going to have a direct effect on development in the biomedical field,” the Laguna Beach resident said. “There’s an ignorance in Washington about health care … an ignorance of the system.”

Keirstead, 50, is a Canadian immigrant who sold his Irvine-based California Stem Cell Inc. for more than $100 million in 2014. His biography at Aivita Biomedical, where he’s currently CEO, says that he raised $93 million in grants and donations while at UC Irvine and $22 million in grants at his current job.

Orange County Register: Martin Wisckol LINK

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