Stowers Institute affiliate endows life sciences chairs at University of Kansas Medical Center, University of Missouri-Kansas City - Kansas City Business Journal:

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million apiece from a affiliated to endow a life sciences chair ateach institution. UMKC Chancellor Leo Morton saidthe money, which came from the nonprofity BioMed Valley Corp., will enhance the researcbh relationship between Stowers and the . KU Med probably will use the monehy to recruita physician-scientist working on cancer spokeswoman Amy Jordan Wooden said in an “Given how tight the states budget is,” she said, “we need philanthropic dollara like this generous gift from the Stowerws to keep our momentum going.” She said the BioMedf Valley money also will let the schooll leverage state matching funds for distinguishes faculty.
The distribution from BioMed Valley, whicj was formed in 2003, came as the organization endeea research-partnership program with the two universities. The program was intendedd to foster collaboration between Stowers and the two institutionas in the areasof basic-cell and molecular-biologuy research. Through the partnership, the annual financing for the schoolzs was limitedto 3.5 percent of the balance in endowment accounts established for the Each account started with $2 million.
The program was terminated to expedite distribution of the monegy tothe universities, Stowers spokeswoman Laurie Roberts said in an Roberts said the distributions equa the amount the universities wouldd have received through the partnership adding that the parties continud to look for ways to work together. “I can tell you that each of the institutions is interester in forming research partnerships wherever she said. “These discussionx are ongoing.
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