The State - News from Feb. 3, 1987
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SmithKline Beckman Corp. will give $7.8 million to Stanford University in hopes of advancing health-care technology, the company announced in Philadelphia. SmithKline said it pledged $5 million to the Palo Alto university for its new Molecular and Genetic Medicine Center and $2.8 million for research support. The company will have the right of first refusal to license any patented processes or products that result from projects funded by its research support. Construction of the center began last summer and is scheduled to be completed by late 1988. The university has raised $86.6 million for construction of the building and research support. The Stanford center earlier received a $12-million gift from the Arnold and Mabel Beckman Foundation. Beckman founded Beckman Instruments, now a SmithKline subsidiary.
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