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<p>The Richard M. Fairbanks Foundation of Indianapolis has awarded the Indiana University School of Medicine $2.4 million dollars over three years to support the Indiana Clinical and Translational Sciences Institute.</p>

Richard M. Fairbanks Foundation Bolsters Indiana CTSI With $2.4 Million Grant

The grant supplements the five-year, $25 million grant awarded to the Indiana CTSI in May by the National Institutes of Health.

The Indiana CTSI is a collaborative effort of Indiana and Purdue universities, Clarian Health, private industry, state and local government, BioCrossroads and others to implement a new program of translational research – the process of turning basic science discoveries into new medical treatments and business opportunities.

“This grant will significantly strengthen the ability of the Indiana CTSI to implement its programs to swiftly bring the benefits of research to patients in Indiana and beyond,” said Anantha Shekhar, M.D., Ph.D., director of the Indiana CTSI, IU assistant vice president for life sciences and professor of psychiatry at the IU School of Medicine.

“Creating the statewide institute generated energy, enthusiasm and commitment to reform from the state biomedical research community. This additional grant will help us maintain that momentum as we help organize our partners work together, learn from each other and produce results that will help us all,” Dr. Shekhar said.

The grant is one of several the Fairbanks Foundation has made in recent years to support Indianapolis-area health and life sciences initiatives and infrastructure.