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Trusts Partner To Fund Personalized Diagnostics

Friday, October 19, 2007 5:00:00 AM PDT | VentureDeal Staff

PHOENIX, AZ -- Two Arizona-based philanthropic trusts have teamed up to fund an innovative initiative to develop personalized molecular diagnostic applications.

The Virginia G. Piper Charitable Trust committed $35 million and the Flinn Foundation granted $10 million to create a program to collaborate with the Biodesign Institute at ASU and TGen.

The trusts believe that the ability to diagnose and treat disease based on each person's unique physiological makeup will be critical to improving healthcare outcomes and reducing medical costs.

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