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UNC-CH gets $20 million

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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.

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