The pharmacy school at the University of North Carolina at Chapel Hill pharmacy school is getting $20 million from Wilmington entrepreneur Fred Eshelman for scholarships, grants and internship programs, The News & Observer in Raleigh reported Feb. 27.
The donation is the largest gift ever to a U.S. pharmacy school and the third-largest individual donation to UNC-CH.
Eshelman, 54, earned his undergraduate degree at UNC-CH in 1972. After holding research jobs at pharmaceutical firms, he started PPD, a contract-research firm that helps drug companies test and develop new drugs and has a market value of $1.6 billion.
Eshelman owns 5.3 million PPD shares worth more than $150 million.