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Woodbridge-based pharmaceuticals magnate is giving $22.5 million to UConn — the second-largest donation in school history — to found the Peter J. Werth Institute for Entrepreneurship and Innovation.

Werth, founder and CEO of Woodbridge drug manufacturer ChemWerth, pledged the millions of dollars Monday in a residence hall that will now bear his name. His name is already on the facility where the women’s and men’s basketball teams practice.

Image: Peter J. Werth, at podium, speaks at an event to announce his $22.5 millon to the UConn Foundation. (Peter Morenus/UConn Photo) (Peter Morenus / UConn)