The University of California-San Francisco will receive $25 million from The Eli and Edythe Broad Foundation to support advanced stem cell research. The money will fund a laboratory that will unite experts from around the world with the latest equipment available.
The research could result in new treatments for a variety of debilitating illness and injuries including Alzheimer’s disease. The Foundation’s goal with the gift is to speed the pace of development of groundbreaking applications of stem cell research.
It is the third major gift in this area of research by the Foundation, which was created by Eli Broad after having earned his money through insurance and construction activities. The Foundation earlier gave UCLA $20 million and the University of Southern California $30 million for stem cell research.
Total cost of the new lab in San Francisco facility is projected at $123 million. It was at UC-San Francisco in 1981 that biologist Gail Martin helped identify embryonic stem cells in mice.
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