Harvard University has received a $50 million gift from businessman and alumnus Len Blavatnik to support a major initiative aimed at bridging the “valley of death” — the gap between basic biomedical research and the emergence of new therapies for patients.
The gift from the Blavatnik Family Foundation, slated to be announced Monday, is one of the largest individual gifts to the university in recent years.
It is especially welcome because it comes as researchers are being squeezed by cuts in federal funding. Harvard Medical School announced last week that economic pressures led it to shut down its half-century old primate research facility in Southborough.
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