University of California, Irvine Gets $10 Million For Stem Cell Research

IRVINE, Calif. - A wealthy bond trader and his wife will donate $10 million to the University of California, Irvine, for stem-cell research, much of it for a proposed research building. About $2 million will be allocated to support human embryonic stem cell research at the university, said Bill Gross of Newport Beach, founder and chief investment offier of Newport Beach-based investment firm PIMCO.

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