USC receives $50M gift to fund bioscience building

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Updated: 1/13 1:11 pm

LOS ANGELES (AP) — A prominent orthopedic spinal surgeon has donated $50 million to the University of Southern California to fund a bioscience center.

The school announced Monday that the gift by Dr. Gary K. Michelson will go toward building a 190,000-square-foot facility with state of the art laboratories, classrooms and offices.

University President C.L. Max Nikias says the USC Michelson Center for Convergent Bioscience will be a "vibrant hub" for innovation in medical research.

Before retiring, Michelson spent 25 years as a surgeon, developing better spinal implants and surgical instruments.

The Los Angeles resident landed on the Forbes 400 after selling ownership of his spine-related patents for over $1 billion.

Michelson's gift represents a milestone in USC's current fundraising initiative, which seeks to raise $6 billion from individual donors, foundations, and corporations.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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