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Northwestern University and Baxter Healthcare Corporation have created a multidisciplinary research and innovation alliance, the two entities announced today. Under the three-year renewable agreement, Baxter will fund research-collaboration projects at Northwestern. Funding levels for each year may reach approximately $1 million, and Baxter will determine specific project funding levels on a case-by-case basis. Aligned with Baxter’s diversified business model, activities will focus on new therapeutics, biomedical and device engineering, biomaterials and drug-delivery technologies.
Faculty from across the University will conduct the research. A committee of senior research and development leaders from Northwestern and Baxter will assist in the identification of potential projects. The McCormick School of Engineering and Applied Science’s Office of Corporate Relations will administer the alliance.
This is one of the most significant partnerships that Northwestern has developed with a health care company. Northwestern has similar partnerships with Honeywell, Ford Motor Company and Boeing International.
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