Rady gives $120M to namesake San Diego hospital

SAN DIEGO (AP) — Eight years after donating $60 million to the San Diego hospital that now bears their name, Ernest and Evelyn Rady (RAY-dee) have announced a $120 million gift to help it establish a new pediatric genome center.

The couple announced the latest donation on Monday. The money will be used to create the Rady Pediatric Genomics and Systems Medicine Institute.

The hospital says the latest move pushes Rady significantly further into the promising frontier of personalized medicine, which uses knowledge gleaned from a patient's genetic code to guide treatment.

The donation, combined with $40 million pledged by the hospital itself, will be used to recruit a team of physician scientists and data-analysis specialists to bring new therapies Rady's patients.

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