Now UNC hopes to accelerate the discovery of a cure for AIDS by partnering with GlaxoSmithKline, a world leader in AIDS research.
“Bringing this disease to an end is the right ambition,” Andrew Witty, CEO of GSK, said. “It was almost undreamable back in the 1980s and early ’90s, but it now feels achievable.”
The partnership was announced Monday by Witty and Chancellor Carol Folt.
UNC and GSK will open a new center on UNC’s campus entirely dedicated to AIDS research. The HIV Cure Center will continue UNC’s legacy of innovative AIDS research through funding and support from GSK. The center will initially employ 20 full-time scientists.
David Margolis, who will serve as the director for the center, said UNC and GSK have entered a business model that will merge the research of two world-renowned scientific communities.
“We’ve been working on this for 10 years,” Margolis said. “Now it’s just a restructuring with new scientists and a new funding mechanism.”
UNC and GSK will also jointly own a new company based on UNC’s campus, Qura Therapeutics, which will handle business operations associated with the HIV Cure Center.
The company will be responsible for generating funding for research and the commercialization of any products that come out of the center.