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The Boston Globe

Metro

Harvard University initiative receives $50 million

Meant to speed path to therapy

Harvard University has received a $50 million gift from businessman and alumnus Len Blavatnik to support a major initiative aimed at bridging the “valley of death” — the gap between basic biomedical research and the emergence of new therapies for patients.

The gift from the Blavatnik Family Foundation, slated to be announced Monday, is one of the largest individual gifts to the university in recent years.

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