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Mexican Tycoon Gives $65 Million to Genetic Study of Diseases

January 25, 2010
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The Associated Press reports, Carlos Slim, head of the Grupo Carso, has pledged $65 million for genetic research on cancer, type 2 diabetes and kidney disease. Scientists from Harvard University, Massachusetts Institute of Technology and Mexico''s National Institute of Genomic Medicine will collaborate on the three-year Slim Genomic Medicine Initiative. Slim said the project would help doctors better diagnose diseases and improve therapies. Researchers will analyze seven types of cancer, likely including breast cancer. Their diabetes research will focus on Mexico and Latin America, where diabetes is one of the most common inherited diseases. Scientists aim to understand the diseases'' genomic bases, not develop treatments. Funding for the research will come from the Carlos Slim Health Institute, which Slim founded three years ago to improve medical care for Latin America''s needy families. Slim said the project is meant to support Mexican research and is not a business venture.
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