Wednesday, July 23, 2014

Stanley Family Foundation gives $650 million for Psychiatric Research

From the New York Times, In Spark for a Stagnant Search, Carl Zimmer and Benedict Carey write:

Late on Monday, the Broad Institute, a biomedical research center, announced a $650 million donation for psychiatric research from the Stanley Family Foundation — one of the largest private gifts ever for scientific research.

It comes at a time when basic research into mental illness is sputtering, and many drug makers have all but abandoned the search for new treatments.

Despite decades of costly research, experts have learned virtually nothing about the causes of psychiatric disorders and have developed no truly novel drug treatments in more than a quarter century.

Broad Institute officials hope that Mr. Stanley’s donation will change that, and they timed their announcement to coincide with the publication of the largest analysis to date on the genetics of schizophrenia.

Let me also encourage you to listen to the podcast linked to this article.