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UMass Medical launching rare disease institute with $10M gift from Chinese businessman

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The University of Massachusetts Medical School is forming a new institute to study rare diseases, thanks to a $10 million gift from the Li Weibo Charitable Foundation in China. Li Weibo, who established the Li Weibo Charitable Foundation in 2013 to support biomedical research and education, plans to donate half his wealth to the foundation. In addition to the $10 million gift to the medical school, he is also donating $750,000 to establish an annual scholarship for up to five doctoral students…

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