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Thread: Broad Foundation Donates $25 Million To Create New Stem Cell Institute At USC

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    Broad Foundation Donates $25 Million To Create New Stem Cell Institute At USC

    Broad Foundation Donates $25 Million To Create New Stem Cell Institute At USC

    Main Category: Stem Cell Research News
    Article Date: 25 Feb 2006 - 7:00am (UK)

    Los Angeles, Calif., Feb. 23, 2006-The University of Southern California announced today it has received $25 million from The Broad Foundation to create the Broad Institute for Integrative Biology and Stem Cell Research at the Keck School of Medicine of USC. The 215,000-square-foot facility will be the largest stem cell research center in California.

    The new Broad Institute will be the pivotal hub for integrative biomedical research on USC's Health Sciences Campus, bringing together researchers, biologists and equipment in one place as they investigate the causes and treatments of a wide spectrum of diseases.

    "This will hopefully be the anchor of a new biomedical corridor in the region, where the nation's most cutting-edge research is conducted by some of the brightest minds in science," said Eli Broad, founder of The Broad Foundation.

    "This new institute expresses Edythe and Eli Broad's passion for advancing scientific and medical research," said USC President Steven B. Sample.

    "For many years the Broads have been the driving force behind programs that promote health and well-being, enhance cultural and educational opportunities, and support urban and economic revitalization. We are very fortunate that Edythe and Eli have the vision to see what needs to be done, the generosity to make it possible, and the will to make it a reality.

    "Their contribution is a strong vote of confidence in the quality of the research programs at USC, and ensures that Southern California will remain the world's center for biomedical technology and the life sciences."

    The Broad Institute will include the newly created Center for Stem Cell and Regenerative Medicine at the Keck School of Medicine, a multidisciplinary initiative comprised of researchers from the USC Health Sciences and University Park campuses as well as from Childrens Hospital Los Angeles. The scientific teams will pursue basic research in regenerative medicine and will work with teams from the California Institute of Technology and other regional scientific institutions to develop novel platforms in imaging, bioengineering and nanotechnology for application to stem cell research. The stem cell scientists at the Broad Institute and their associated researchers will also work to translate this basic research into useable new therapies for a wide variety of diseases and conditions.

    The Broad Institute will reach beyond the realm of stem cell biology as well. In addition to the 18 new investigators from the Center for Stem Cell and Regenerative Medicine, the 215,000-square-foot structure will house another 18 prominent basic and clinical investigators engaged in interdisciplinary research in transplant biology, cardiovascular disease, and diabetes and other metabolic diseases. Approximately 16 computational or clinical scientists whose work is critical to a successful translational research program will also be located in the Broad Institute. The institute will have a state-of-the-art imaging facility and a biotechnology transfer center that is expected to become an essential resource for researchers and for the entire Keck School of Medicine community.

    "This institute is important to the Keck School, particularly at this time, as the National Institutes of Health launches an initiative to support clinical and translational research," said Keck School of Medicine Dean Brian E. Henderson. "Our view now is that, in order to solve complex biological problems, scientists must move beyond the confines of their own discipline and explore new organizational models for team science.

    "This institute represents a major step forward in our research on diabetes and heart disease in addition to housing our growing stem cell and regenerative medicine program," he added.


  2. #2

    Stem Cell Sector Rises Sharply: Eli Broad donated $25 million USC Stem Cell Center

    By the way, I am posting the entire text of this news release. This is a paid for press release, intended for distribution.
    Stem Cell Sector Rises Sharply: UBDE Validates Neural Crest SC Line as Orange County Stem Cell Research is Featured on '60 Minutes' and USC Gets $25 Million for Stem Cell Center

    Saturday February 25, 5:15 PM EST

    BREA, Calif., Feb 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- Stem Cell stocks got a boost Friday with the news that philanthropist Eli Broad has donated $25 million USC to build a stem cell center. U.S. BioDefense (OTC Bulletin Board: UBDE) led the field up 31% to $3.95 on the heels of its announcement that it has successfully completed the evaluation and validation of its human neural crest stem cells as a part of its agreement with the University of British Columbia. The company is considering investigating the stem cells applications in combating ALS and Parkinson's disease. Geron rose $1.25 to $9.15 up 15% for the day, while Viacell rose 3.5%, Stem Cells Inc. rose over 8%.

    David Chin, CEO of U.S. BioDefense stated "Its all about getting new treatments to patients. This is finally tangible action toward a California Stem Cell research initiative and a huge confidence booster for the Stem Cell Industry in the United States at large. I urge Stem Cell research supporters to Tune into '60 MINUTES' AT UCI at 7 p.m. Sunday by turning to the CBS news program "60 Minutes," which will focus on stem cell research in Orange County.

    According to the Orange County Register, correspondent Ed Bradley visited UCI neurobiologist Hans Keirstead last month to discuss how the scientist used human embryonic stem cells to restore limited movement in paralyzed rats during an experiment. The show also will feature Suzanne Short of Laguna Beach, who has been paralyzed since an auto accident 24 years ago, and Daniel Kerner of Rancho Santa Margarita, a 6-year-old boy who has a severe neurological disorder. Both might eventually benefit from stem cell research.

    The Bradley piece also will talk about stem cell studies elsewhere in California. Keirstead, 38, said the gift "is a symbol of faith that the lawsuits facing CIRM (California Institute of Regenerative Medicine, which is charged with carrying out Proposition 71) will fall by the wayside."

    Global Communications, Inc. was paid $5000 for reporting and distributing information on Stem Cell industry news and does not currently have a stock position in the companies mentioned herein. For more information on our services and how we can advocate news coverage in your company's area of expertise, please contact us.

    Heriberto Cruz
    Global Communications

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