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November 19, 2015

Harvard Gets $20 Million to Advance Personalized Medicine

The Robert and Myra Kraft Family Foundation is donating $20 million to Harvard Business School to support research into personalized medical treatments that tailor care to individual patients based on the data about their lifestyle, genes, and other factors, The Boston Globe reports.

Mr. Kraft, the owner of the New England Patriots, announced the gift Wednesday at a conference on personalized medicine, also known as precision medicine. He has taken a more active role in the family's philanthropy since his wife, Myra, died in 2011 after a battle with ovarian cancer.

Faculty at the business school will work with other institutions on ways to advance the commercialization of personalized medicine, including reducing the costs of clinical trials and fostering partnership among researchers, investors, and drug companies to bring treatments to market.