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ARTICLE | Financial News

$24M gift for allergy research at Stanford

December 18, 2014 2:27 AM UTC

Silicon Valley entrepreneur Sean Parker pledged $24 million over the next two years to establish a research center at the Stanford University School of Medicine that aims to discover lasting cures for allergies. Parker co-founded file-sharing service Napster Inc. and was president of Facebook Inc.

The Sean N. Parker Center for Allergy Research will focus on understanding mechanisms of the immune system and the development of "rationally-based" therapies using laboratory and computational research. It will be led by Kari Nadeau, associate professor of pediatrics at the medical school and immunologist at the Lucile Packard Children's Hospital Stanford and Stanford Health Care. ...