Businessman offers $100M toward AIDS vaccine research
Posted on February 7, 2009
Filed Under Uncategorized
The hunt for an AIDS vaccine, a scientific quest that has stumped infectious disease researchers for two decades, is receiving a $100 million boost from a Massachusetts technology magnate, whose gift will create a Boston institute fusing the expertise of doctors, engineers, and biologists.
Stunned by scenes of desperation he witnessed in HIV-ravaged South Africa, Phillip Terrence Ragon is spending a considerable chunk of his fortune to accelerate research for a vaccine that would slow the relentless spread of the virus that causes AIDS and now infects more than 33 million people worldwide.
The money, $10 million a year for the next decade, will go to Massachusetts General Hospital but be shared with other research powerhouses, including Harvard University and the Massachusetts Institute of Technology. An announcement of the gift, the largest in Mass. General’s history, is expected this morning from Ragon, 59, the founder and sole owner of InterSystems, a Cambridge company that provides database software to hospitals and other industries.
See Businessman offers $100M toward AIDS vaccine research
The Boston Globe
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