Trials for Type 1 Diabetes Cure

An anonymous reader writes "According to this New York Times article, the pharmaceutical companies and NIH are shunning research for a cure for Type 1 diabetes. There's no money in a cure using medicine with an expired patent. Dr Faustman (researcher/professor at Harvard Medical School) has cured type 1 diabetes in mice and has been approved for Phase 1 clinical trials in humans. The only problem is raising the money, which Lee Iacocca is helping with."