The California Institute for Regenerative Medicine (CIRM) announced this week the winners of the Basic Biology Awards, four of whom are scientists at the School of Medicine. Each of the Stanford scientists will receive $1.42 million to pursue varied research topics.
Hewlett Packard (HP) announced yesterday that it plans to contribute $25 million over 10 years for the expansion of Lucile Packard Children’s Hospital (LPCH) and for cutting-edge treatments and technologies there. The additional funding will also foster collaboration between researchers at HP Labs and LPCH.
President John Hennessy further expanded his reputation and his wallet last week when Qualcomm, the world’s largest maker of mobile-phone chips, agreed to buy Atheros Communications, which Hennessy co-founded, for $3.1 billion in cash.
Despite a large decline in private donor support to the University, Stanford still rakes in more than other schools.
Stanford Management Company (SMC) announced that its merged pool, the University’s principal investment pool, secured a 14.4 percent investment gain in the year that ended June 30, 2010.
With concerns abounding about the fiscal viability of the University’s significant financial aid commitments, Stanford announced new changes in its 2010-11 budget designed to ensure that the program can continue to meet the “demonstrated financial needs” of all admitted undergraduates.