In the largest act of US philanthropy for biomedical research, Eli and Edythe Broad have donated $400 million to the Broad Institute, a joint project between Harvard and the Massachusetts Institute of Technology. The gift builds on the $200 million with which the linkurl:Broads first funded the genomics institute;http://www.the-scientist.com/article/display/21404/ in 2003 and 2004. "We're now making a $600 million dollar bet in total that this will be the place where the world's greatest scientific discoveries will take place," Eli Broad said in a press conference today (September 4). The Broads' original donation, made just after the completion of the Human Genome Project in 2003, was a 10-year gift, meant to be used in its entirety within that time, said linkurl:Eric Lander,;http://www.the-scientist.com/article/display/20348/ founding director of the institute, in the press conference. The institution was meant to be an experiment in collaboration between different academic institutions, researchers across disciplines, and industry and...
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