Colorado State University recently reported that an anonymous racehorse breeder has donated $20 million to build a regenerative medicine research facility. This fulfills a $65 million matching challenge from lead donors John and Leslie Malone, according to the university.
The Malones, who raise dressage horses and Thoroughbred racehorses, pledged $42.5 million for the planned facility in late 2014. They challenged CSU to raise $32.5 million to match the equivalent amount that they directed to building the facility. The Malones’ additional $10 million is slated for institute operations over the first five years.
Groundbreaking of the CSU Institute for Biologic Translational Therapies, which will feature laboratories, specialized surgical suites and conference space for veterinarians and physicians, is expected to take place later this year.
“We are deeply grateful for another tremendous gift to help establish the Institute for Biologic Translational Therapies,” said CSU President Tony Frank. “This support, combined with the transformational gift from John and Leslie Malone, will advance Colorado State’s work in a new era of veterinary and translational medicine.”
The Institute for Biologic Translational Therapies will develop next-generation remedies based on living cells and their products. These include patient-derived stem cells to treat musculoskeletal disease and other ailments, according to the university.