"Privately Funded Biomedical Institute Lures Scientists from Universities to Accelerate Therapeutics"
Arena BioWorks, funded by wealthy backers including Boston Celtics owner Stephen Pagliuca and technology magnate Michael Dell, is luring nearly 100 researchers from prestigious institutions with seven-figure paydays to pursue pharmaceutical research outside of traditional university settings, aiming to expedite drug discovery and production. This move has sparked controversy as it disrupts the traditional model where universities benefit from drug discoveries, potentially impacting their endowment coffers.