Geneticist Craig Venter sells his La Jolla research institute to UC San Diego for $25 million [Breaking]
At least 27 scientists who do, or did, work here won the prize
Venter, who recently recovered from a tough case of COVID-19, also said he sold the institute because he had grown tired of some of the management responsibilities that go with the job.“This is a good fit for UCSD,” said medical oncologist Ivor Royston, who co-founded San Diego’s first biotech company, Hybritech, in the 1970s. “It will bring significant assets to the university, enhancing its strong genomics program.
“Getting corporate money also can be hard. A lot of companies have been holding on to their money because of the pandemic, inflation and the war in Ukraine.”Britain’s annual Clarivate study says San Diego County is a research powerhouse The genome has since been fully sequenced. The work has led to many things, including prenatal screening for many diseases and the rapid over-the-counter COVID-19 test developed by San Diego’s Quidel Corp.
Venter’s center also has been pinched financially because, unlike the nearby Salk Institute, it does not have a big, broad-based philanthropy program.
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