Morgan Stanley GIFT Cures is a philanthropic collaboration with Harrington Discovery Institute at University Hospitals
NEW YORK - Morgan Stanley today announced the launch of Morgan Stanley GIFT CuresSM powered by Harrington Discovery Institute at University Hospitals
, the first special interest program of The Morgan Stanley Global Impact Funding Trust (Morgan Stanley GIFT) that is dedicated to advancing the development of research discoveries into new cures and treatments for a broad range of diseases. The launch was announced at The Exchange 2019 in New York, a two-day conference, June 4-5, hosted by Morgan Stanley and Social Impact Exchange.
“We are excited to join forces with Harrington Discovery Institute,” said Mandell Crawley, Head of Morgan Stanley Private Wealth Management. “Sadly, there are far too many families around the world that are impacted by a disease that has no cure or meaningful treatment, including many of the most common diseases affecting our society. The Morgan Stanley GIFT Cures program was formed to address unmet medical need by helping to create new medicines.”
Through a competitive application process, Harrington Discovery Institute sources the most promising research from leading academic institutions across the U.S., Canada and the UK that target novel therapeutic approaches in any disease area. The combination of Harrington Discovery Institute and Morgan Stanley GIFT Cures will help provide the catalytic capital, expertise and management needed to connect strategic philanthropists to drug discovery projects and medical breakthroughs with the greatest potential for near-term impact.
“With nearly two decades of experience working with the Firm’s most dedicated philanthropists, Morgan Stanley GIFT recognized that medical philanthropy wasn’t moving the needle for patients and families with diseases despite the generosity of donors around the world,” said Melanie Schnoll Begun, Head of Philanthropy Management. “We are pleased to collaborate with Harrington Discovery Institute to launch Morgan Stanley GIFT Cures, an innovative special interest program Morgan Stanley GIFT created in response to client demands for more concrete results from their philanthropy in the search for cures.”
“Hundreds of millions of people suffer from diseases where cures are not available, yet the knowledge to develop effective treatments actually exists,” explains Dr. Jonathan Stamler, President of Harrington Discovery Institute. “Breakthrough discoveries remain on the shelves of research institutions because the physicians and scientists making discoveries lack the drug development expertise needed to translate their scientific discoveries into new medicines.”
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