Stem-Cell Center Gets $10 Million
Famed Newport Beach bond trader Bill Gross is donating $10 million to UC Irvine to support human embryonic stem-cell research at a campus that’s competing hard to become a mecca in the young and controversial field, the Orange County Register reports. Gross and his wife Sue gave UCI $2 million for such things as equipping, staffing and operating the university’s new Stem Cell Research Center. They’ve pledged an additional $8 million toward a proposed permanent institute that could cost $80 million.
