The University of Pennsylvania will dedicate $750 million over the next five years to support medical and scientific research, with plans to add dozens of faculty members and launch several new capital projects on campus.

Penn is concentrating the funding in novel therapeutics and health-related initiatives, energy and sustainability, data engineering and science, and infrastructure projects. The investment announcement comes just a month after the university said it blew past its $4.1 billion goal for the Power of Penn fundraising campaign, raising a total of $5.4 billion in three and a half years.

“These game-changing investments allow Penn to move forward rapidly on longstanding priorities in key medical and scientific areas,” Penn President Amy Gutmann said in a statement.

*Article courtesy of Philadelphia Business Journal

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