Elan-UCD Endowment Honours Irish Business Leaders And Boosts Ireland’s Capacity In The 'Business Of Biotechnology'

University College Dublin (UCD) and Elan Corporation plc, (NYSE: ELN) today announced two scholarships and an annual lecture series at University College Dublin (UCD) in the 'Business of Biotechnology' named in honour of Kieran McGowan, former head of the Industrial Development Authority of Ireland (IDA), Kyran McLaughlin, deputy chairman of Davy Stockbrokers and Laurence Crowley, the well-known accountant and board member of many Irish companies and organisations.

The UCD McGowan and McLaughlin post-doctoral scholarships and the Laurence Crowley ‘Business of Biotechnology’ lecture series are part of Elan’s €3.17 million donation to the university to build capacity at the interface between business and science disciplines.

The donation will also establish a new Elan Chair in the 'Business of Biotechnology' to provide academic leadership in this strategically important area. The new professor will be a joint appointment between UCD Business School and UCD College of Science. The appointee will be charged with bolstering the science/technology content of the Business School curriculum and enhancing the business and innovation content of the science curriculum. They will also develop specialised masters programmes and other graduate courses in the business of biotechnology.

"As an Irish-based neuroscience biotechnology company that operates on a global scale, we understand the opportunities and challenges of this business more than most and are delighted in this instance to be in a position to share both financial support and experience with UCD to help create the next generation of biotech leaders out of Ireland," said Kelly Martin, chief executive officer, Elan. “We chose UCD as our academic partner in the business of biotechnology because of the university’s track record in driving an innovation culture among its scientists.”

"In assisting to create the next generation of Irish biotech leaders with UCD it is apt to acknowledge some of those who have helped to create the environment for this to succeed. I am delighted that we can honour the contribution of Kieran McGowan, Kyran McLaughlin and Laurence Crowley as part of this effort for their contribution to both Elan and the broader business context in Ireland," continued Mr Martin.

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