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$140M big-data initiative underway in U.K.
June 2013
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OXFORD, United Kingdom—The United Kingdom government and investor and philanthropist Li Ka Shing have joined together to form a $140 million initiative in big data and drug discovery. The undertaking will result in the Li Ka Shing Center for Health Information and Discovery, which is being built in two phases—the Target Discovery Institute and the Big Data Institute. The Target Discovery Institute, which is already complete, houses research that will generate disease data through the use of genomic and chemical screens, and is supported by several industry giants, including Pfizer Inc., Johnson & Johnson, Eli Lilly & Co., GlaxoSmithKline PLC, Novartis AG, Boehringer Ingelheim GmbH, AbbVie Inc. and Takeda Pharmaceutical Co., which have contributed $8 million for the Institute. The Big Data Institute will seek to develop ways to generate, store and analyze large datasets.

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