PHARMA INDUSTRY INJECTS $3 MILLION INTO ALBANY RESEARCH INSTITUTE

The Pharmaceutical Research Institute has received nearly $3 million in donated laboratory equipment since establishing its headquarters at the Albany College of Pharmacy in 2003. The latest donations - $500,000 in December 2004 -- were from Bristol-Myers Squibb Co. and Merck Co., bringing the total value of equipment contributions from the two drugmakers to roughly $1.18 million, said Shaker Mousa, director of the institute.

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