Christmas came late for Rockefeller University, in the form of a $25 million check to help keep some of its promising drug discovery projects afloat. A gift from the Robertson Foundation, formed by former hedge fund manager Julian Robertson and his family, will allow for the creation of the Robertson Therapeutic Development Fund at Rockefeller, one of the major research institutions in New York City. Rockefeller will use the fund to shepherd university research discoveries in life sciences forward, so they don’t run out of money and have the chance to ultimately become new drugs or diagnostic tests.
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