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Sanford-Burnham Receives $1M Pledge

San Diego businessman and philanthropist Arthur Brody has pledged $1 million to the Sanford-Burnham Medical Research Institute to help translate basic science discoveries into new treatments.

According to a Nov. 16 press announcement, the gift creates the Art Brody Innovation Fund, which will advance promising research that might otherwise be stalled due to lack of financial support for the La Jolla-based organization.

Brody is a longtime Sanford-Burnham trustee. He is the president of Brosoar Corp., an investment company based in Rancho Santa Fe.

The fund will be used, in part, to refine early drug candidates, bring in investors and advance new medicines into clinical trials.

“We are extremely grateful for Mr. Brody’s support because gifts like this allow breakthroughs in our laboratories to be translated into benefits for those suffering from disease,” said John Reed, the institute’s chief executive officer.

— Steve Sinovic

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