Tuesday December 30, 2014 0 comments
FORT COLLINS - Philanthropists and horse lovers John and Leslie Malone have given Colorado State University the largest cash gift ever in university history to develop regenerative medical therapies for animals and people.
The $42.5 million gift will launch the CSU Institute for Biologic Translational Therapies to investigate next-generation remedies based on living cells and their products, including patient-derived stem cells, to treat musculoskeletal disease and other ailments, CSU said.
CSU veterinarians are experts at analyzing medical treatments for animals and then translating that knowledge into drugs and therapies that can help humans suffering from similar conditions.
"We are tremendously grateful to John and Leslie Malone for their generous philanthropy, foresight and dedication to scientific discovery," said Tony Frank, CSU president.
"In addition to being the largest cash gift in the university's history, their commitment positions us to build on our foundation as a leader in translational medicine, where advances in veterinary medicine very rapidly move into the sphere of benefiting human health."
CSU said the new institute will be unique in its focus on developing regenerative treatments from inception in the laboratory setting through clinical trials to commercialization of new technologies.
Billionaire John Malone is chairman of Liberty Media Corp. The Malone gift will provide $10 million for operations and $32.5 million for construction of an institute building, CSU said.
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