The Institute for Translational Medicine has been launched with $35m in funding from the National Institutes of Health to commercialise research from multiple universities.
University of Chicago and Rush University have joined forces with Illinois Institute of Technology, Loyola University Chicago, NorthShore University HealthSystem and Advocate Health Care to create the Institute for Translational Medicine (ITM).
The institute will act as an accelerator to commercialise healthcare research. It has been launched with the support of approximately $35m in funding from US public health body the National Institutes of Health (NIH)’s National Center for Advancing Translational Sciences.
The funding will be allocated over five years,…
