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$50 Million Grant to Weizmann Institute will Advance Study of Personal Medicine

Donated from San Francisco's Nancy and Stephen Grand, the grant is the largest in the school's 70-year history

By: NoCamels Team
Published: December 19th, 2013 in Health » Israel
Weizmann Institute of Science in Rehovot, Israel

The Weizmann Institute of Science in Rehovot recently received a donation from the Nancy and Stephen Grand of San Francisco, and it’s no small change, $50 million, to be precise. The donation, the largest in the school’s 70-year history, will be used to advance the international study of personalized medicine.

The institute recently established the Israel National Center for Personalized Medicine (INCPM), which will receive the bulk of the donation. Personalized and predictive medicine uses information about a person’s genes, proteins, and personal history to prevent, diagnose, and treat disease.

“We all know that the brilliance of Weizmann’s scientists will result in major progress from which we will all benefit,” Stephen Grand said.

The center, now to be named the Nancy and Stephen Grand Israel National Center for Personalized Medicine, is a state-of-the-art biomedical research center focused on four innovative fields: genomics, protein profiling, bioinformatics, and drug discovery. The center is the only facility of its kind in the region.

It will be directed by a steering committee, headed by Aaron Ciechanover, the 2004 Israeli Nobel Prize winner in Chemistry and will include representatives from major universities, hospitals, and the biotechnology sector in Israel.

“Nancy and I recognize that Israel is a world leader in science and technology,” Stephen Grand said. “This gift enables Weizmann to equip itself to participate in the exploding world of genetics and to find cures for diseases to improve the human condition. In addition, all Israeli scientists who wish to work in this new field will have facilities and teams of other scientists in Israel with whom to collaborate without needing to travel to other countries to do this important work. We are thrilled to assist in this powerful effort.”

Grand is the co-founder of Grand/Sakwa Properties, one of the largest developers of residential and retail properties in the Midwest. Nancy Grand is the immediate past president of the Jewish Community Federation and Endowment Fund in San Francisco.

This article is published on No Camels - Israeli Innovation News

Related articles: Health News, Grant, Weizmann Institute, Personal Medicine, Science
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