The Institute for Systems Biology, a Seattle-based nonprofit research center, said today it has received a five-year $6 million gift from a venture capitalist in California who wishes to remain anonymous. The money will be used to help the Institute move to a new facility that’s twice as large as its current location, to recruit new faculty members, and provide unrestricted support for its research into personalized medicine, biofuels, and global health. The Institute, co-founded by biotech pioneer Leroy Hood in 2000, has grown rapidly with a budget that now exceeds $50 million a year, largely because of increasing grant support and recognition of its scientific impact.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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