Word: mgh
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...long-running controversy surrounding DNA research was rekindled recently by news of a $60-million grant given to the Harvard-affiliated Massachusetts General Hospital (MGH) by a German chemical firm in return for distribution rights of products resulting from the hospital's findings...
...year when University administrators fretted over dwindling federal assistance and over the hazards of Harvard's becoming a minority shareholder in a genetic-engineering firm (see "Setbacks," below), a $50-million research grant to the Harvard-affiliated Massachusetts General Hospital (MGH) must have seemed like a gift from heaven. In fact, the largest private research grant ever presented to a university came from West Germany...
Hoechst A.G. of Frankfurt, an international chemical firm, is giving MGH the money over the next ten years so that the hospital can establish a new department of molecular biology and support basic research in that field. In exchange for the grant, Hoechst will have the right to profit from the research results before other companies gain access to the findings and to obtain exclusive licenses to develop to develop commercial products using the research results. MGH, however, will own any patents developed under the agreement...
...allay fears that academic freedom might be compromised by the agreement. MGH officials arranged for safeguards, including a guarantee that investigators in the new molecular biology department be able to choose their own research projects and that they have freedom to control the time and place for announcing their findings to the public, without interference from Hoechst. "Research will be sponsored, but not directed by the company," Dr. Charles A. Sanders, director of MGH. assured...
...announcement of the gift coincided with the beginning of a $114 million fund-raising campaign by MGH. The drive will raise funds to remodel the hospital's in-patient, out-patient and research facilities, MGH officials said yesterday...