VOL. 125 | NO. 57 | Wednesday, March 24, 2010
Plough Foundation Awards $4.5M to UTHSC
The new UT College of Pharmacy Building currently under construction in downtown Memphis has received a $4.5 million grant from the Plough Foundation.
The grant will fund the establishment of the Plough Center for Sterile Drug Delivery Systems on the sixth floor of the building. The $65 million structure is being built in the UT-Baptist Research Park, which is adjacent to the University of Tennessee Health Science Center main campus.
The center will be an environment for the development of unique drug products to solve specialized problems.
“We view support for this new center as a clear extension of the goals outlined by Mr. Abe Plough,” said Scott McCormick, executive director of the Plough Foundation. “He was committed to the idea that the greatest good is done when you help the greatest number of people. For generations, the Plough Center for Sterile Drug Delivery Systems will have a significant measurable impact on education, research, health care for our citizens and service to the community. It will also serve as a catalyst for entrepreneurial endeavors in the local pharmaceutical industry. That comes full circle to Mr. Plough.”
Abe Plough was a Memphian who founded the company that grew into the Schering-Plough.