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Columbia medical school gets $400 million gift to fund risky basic research
Columbia University announced Thursday that its medical school has received $400 million to fund a new institute for basic biomedical research to fuel future discoveries that could improve human health and lead to new drug discoveries.
The gift, from Columbia alumni Roy and Diana Vagelos, is the largest single donation given to the school and brings to $900 million the total given to Columbia by the couple since 2010. Roy Vagelos is widely known in medicine as the former chair and CEO of the drugmaker Merck.
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