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December 30, 2014

Colorado State U. Gets $42.5-Million for Stem-Cell Studies

Media mogul John Malone and his wife, Leslie Malone, have donated $42.5-million to Colorado State University to establish a center to develop stem-cell research into viable medical treatments for animals and humans, writes The Denver Post. The gift includes $32.5-million for building the 100,000-square-foot CSU Institute for Biologic Translational Therapies—half the projected construction cost—plus $10-million for operating expenses once the facility opens.

Mr. Malone, chairman of Liberty Media Corp., and his wife raise dressage and jumping horses, and the new gift grew out of stem-cell treatment at Colorado State's College of Veterinary Medicine and Biomedical Sciences that returned one of their injured equines to competition. The university is raising additional private funds to complete the institute, which will operate under the aegis of the veterinary school but will seek to apply promising therapies tested on animals to humans as well.