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Wellcome Trust plans £500m bonds move to support long-term research and development

This article was originally published in Clinica

Executive Summary

The Wellcome Trust has today announced plans to issue bonds worth up to £500m ($924m). The proceeds of the issue will be used for investments that, over the long term, will "enable us to fund a wide range of scientific and medical research", said the UK's largest and the world's second-largest charitable foundation funding biomedical research, which already has over £12bn of investment assets and spends over £450m per year.

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