Scientist plans $245M research institute on health care

April 3, 2009

By hammersmith

[Source: Washington Business Journal, Vandana Sinha] – When Dietrich Stephan plans his next career move, he plans big.

Lately he has been plotting a $245 million research institute focused on personalized medicine in a 300,000-square-foot building in Northern Virginia that would employ up to 500 top-rated scientists recruited from the far corners of the world.

That may be Stephan’s vision, but it will take convincing federal, state, local, university, nonprofit and charitable money holders — in the midst of a painful recession — to make it a reality in the next five years.

Stephan speaks from experience. He was a founding scientist of the Translational Genomics Research Institute in Phoenix, Ariz., where a discussion among 50 government, business and science leaders in 2002 led to the rustling up of $90 million for a six-story, 176,000-square-foot green glass research building that opened two years later.

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