The groundbreaking event also served as the launch of the NextGen Precision Health Initiative, which will facilitate data-driven collaboration between university researchers and industry partners in order to accelerate precision medicine discoveries. Together, the institute and initiative seek to foster research and innovation to develop new treatments and devices to improve the outcomes of patients with life-threatening and often costly diseases.
The institute is expected to be completed in Oct. 2021 and will span 265,000 square feet and five stories to house more than 60 principal investigators. The facility’s $220.8 million funding comes from private and corporate support, the university and the state of Missouri, which has allotted $10 million to the institute for the 2020 fiscal year.
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