Genetic research gets boost with Israel Bonds matching program. (Transcripts).A unique matching funds program has been launched by the State of Israel Bonds State of Israel Bonds are debt securities issued by the Government of Israel. They are backed by the full faith and credit of the Government of Israel, which has maintained a perfect record of repayment of interest and principal since the first bond was issued.[https://www. and the American Society for Technion (ATS) under the auspices of the Jeffrey Modell Foundation. The new program was announced today by Israel Bonds President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gideon Patt and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of regional bonds leader James B. Emden, executive managing director of Insignia/ESG, Inc. Under the unusual plan, a three-way partnership has been created whereby a contribution of Israel Bonds to the Jeffrey Modell Foundation will be matched dollar for dollar with a purchase of Israel Bonds by the American Society for Technion. For each one dollar of Bonds designated for this project, donors will have contributed two dollars of support for Israel. The proceeds will then be used for the development of the Jeffrey Modell Center for Primary Immunodeficiency (PI) at the Technion Institute and Rambam Hospital in Haifa, Israel. The Jeffrey Modell Foundation is a non-profit foundation that raises funds to address a devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. genetic disease called Primary Immunodeficiency (P1). Much of the funds raised go to biomedical research which benefits not only PI, but also cancer, AIDS, asthma, diabetes, and a host of other diseases. "Israel Bonds is pleased to be associated with such a worthy cause, one that will benefit both genetic research as well as the economic development of Israel," said Patt. "We hope that this important new program will one day play an important part in alleviating the plight of children suffering from P1 and serve as a model for other similar programs," said Emden. Joseph Huber, the Director of the Metropolitan Region of ATS, said that the new matching funds program "marks a significant step towards the realization of a major breakthrough in pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. immunology research." When completed, Technion's Jeffrey Modell Center will be the first and only pediatric facility of its kind in the Middle East, featuring a state-of-the-art laboratory that will focus on gene therapy, bone marrow transplants bone marrow transplant: see bone marrow. , and other innovative means of combating and treating immunodeficiency diseases. Professor Amos Etzioni, Associate Dean at the Technion School of Medicine said, "The research and new therapies in this area of immunology are yielding answers for victims of cancer, AIDS, asthma, diabetes, cystic fibrosis cystic fibrosis (sĭs`tĭk fībrō`sĭs), inherited disorder of the exocrine glands (see gland), affecting children and young people; median survival is 25 years in females and 30 years in males. , and a wide range of pulmonary and allergic conditions." |
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