Volume 92 Issue 30 | p. 6 | News of The Week
Issue Date: July 28, 2014

Broad Institute To Receive Donation For Psychiatry R&D

Philanthropy: $650 million gift could accelerate neuroscience drug development
Department: Business
Keywords: pharmaceuticals, schizophrenia, mental health, philanthropy

The Broad Institute of MIT & Harvard last week received a $650 million commitment from philanthropist Ted Stanley to support psychiatry research. News of the donation was timed with the release of a flood of new genetic information related to schizophrenia, a mental disorder for which there is a lack of innovative drug treatments.

Stanley and his late wife, Vada, were touched by mental illness roughly 25 years ago when their son was diagnosed with . . .

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