Tuesday, September 9, 2008

Broads give $400 million to bio-med institute

Philanthropists Eli and Edythe Broad announced, Thursday (September 4th), that they're adding $400 million
to a joint biomedical venture at Harvard and MIT. The donation's purpose is to accelerate research into treatments for debilitating diseases. This endowment comes after $200 million the couple gave to launch the Broad Institute, which was created in 2004. The initial goal of the institute was to bring together scientists and students to take advantage of the info recovered from the Human Genome Project and use it to tackle some of the world's toughest health problems from cancer to infectious, psychiatric, and metabolic diseases.
Broads give $400 million to bio-med institute