The Broad Institute, Inc.

The Broad Institute, Inc.

The Broad Institute, Inc.

Overview
Date Founded

2003

Headquarters

415 Main Street,Cambridge, MA 02142

Charitable Causes

Medical Research

Employees (Worldwide)

1,357

Industries

Medical Support Services
Holding Companies
Biotechnology

Company Description

The Broad Institute evolved from a decade of informal and successful research collaborations among scientists in the MIT and Harvard communities. In 1990, the Whitehead Institute/MIT Center for Genome Research (WICGR) was founded, and it soon became an international leader in the field of genomics and a flagship of the Human Genome Project. As early as 1995, WICGR scientists recognized the need to bring the power of genomics to the understanding of human disease. It launched pilot projects in genomic medicine, forming an unofficial collaborative network among scientists from across MIT and Harvard who pioneered new approaches to cancer and human genetics. In parallel, Harvard Medical School-based scientists established the Institute of Chemistry and Cell Biology (ICCB) in 1998, to facilitate the pursuit of chemical genetics as an academic discipline and a tool to further understand human biology and disease. In 2002, the ICCB was awarded an Initiative for Chemical Genetics (ICG) grant from the National Cancer Institute, and its successful Investigator-Initiated Screening Program facilitated small molecule screening projects for more than 80 research groups worldwide. These projects demonstrated the power of enabling scientists to collaborate to tackle the major challenges in molecular medicine. It was clear that a new type of formal organization was required — open, collaborative, interdisciplinary, and able to organize projects at any scale. In addition, it was important that the complementary expertise of the genomic scientists and the chemical biologists across MIT and Harvard be brought together in one place to drive the transformation of medicine with molecular knowledge. Discussions in 2002-2003 among Eli and Edythe Broad, MIT, Harvard and its affiliated hospitals, and the Whitehead Institute shaped the vision for this new institute. The extraordinary generosity of Eli and Edythe Broad, through their founding gift of $100 million (later doubled to $200 million) made it possible to formally announce the new institute in June 2003 and to launch it in May 2004. Less than four years after its launch, the Broads gave an unprecedented gift of $400 million in September 2008 to permanently endow the institute, providing long-term sustainability for its unique model of collaborative, inter-institutional research.

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Executives & Employees

Executive Director, Center for the Science of Therapeutics

Chief Financial Officer

Chief Operating Officer

Chief Development Officer & Chief External Relations Officer

Director, Sponsored Research & Planning

Senior Director Genomics Platform

Director of Genome Sequential Platform

Director of Education & Outreach

Executive Vice President

Assistant Director

Board of Directors

SEE Schedule at Memorial Sloan-Kettering Cancer Center

Founder at The Klarman Family Foundation

Co-Founder at The Schmidt Family Foundation

President at Massachusetts Institute of Technology

Chairman & Director, McKinsey Global Institute & Senior Partner, High Tech at McKinsey & Co., Inc.

Co-Founder at Alnylam Pharmaceuticals, Inc.

President & Director at The Broad Institute, Inc.

President at The Brigham & Women's Hospital, Inc.

Founder at Calico LLC

Partner at Greylock Partners

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The Broad Institute, Inc.
Advisors & Consultants
Accountant

PricewaterhouseCoopers LLC provides assurance, tax and advisory services. Its services include audit and assurance, consulting, deals, human resources, legal, tax, and family business. The firm also offers accountability, risk management, structuring, mergers and acquisitions, and performance and process improvement. The company was founded in 1998 and is headquartered in Buffalo, NY.

Legal Advisor

Ropes & Gray LLP is a global law firm with 11 offices located in the United States, Asia, and Europe. The firm has over 1,100 lawyers, and professionals worldwide, and its clients include corporations and financial institutions, government agencies, universities, and health care organizations. It was founded in 1865 in Boston, Massachusetts by John Codman Ropes and John Chipman Gray

Legal Advisor

Skadden, Arps, Slate, Meagher & Flom LLP provides legal advisory services. The company's practice areas include mergers and acquisitions, finance, litigation, corporate finance, insurance, tax, labor and employment, political law, private equity, corporate, antitrust, white collar crime, international, regulatory, and legislation. Its customers include corporate, industrial, and financial sectors. The company was founded by Marshall Skadden, John Slate and Les Arps in April 1948 and is headquartered in New York, New York.

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Advisor

Vice President, Global Policy & Advocacy at The Rockefeller Foundation

Clients

Monsanto Co. engages in the provision of agricultural products to farmers. It provides other seed companies with genetic material and biotechnology traits for their seed brands. The company was founded by John F. Queeny in 1901 and is headquartered in St. Louis, MO.

Horizon Discovery Group Plc is a gene editing company, which engages in the design and engineering of genetically-modified cells. The firm operates through the following business segments: Products, Services, and Leveraged Research & Development. The Products segment sells cell lines and other products. The Services segment offers cell line manufacturing services. The Leveraged Research & Development segment business unit is operated on a portfolio basis. It serves pharmaceutical, biotechnology, and diagnostic companies. The company was founded by Christopher John Torrance, Adam John Collier, and Alberto Bardelli in 2005 and is headquartered in Cambridge, the United Kingdom.

Editas Medicine, Inc. engages in the development and commercialization of genome editing technology. Its technology includes clustered, regularly interspaced short palindromic repeats (CRISPR); and CRISPR associated protein 9 (Cas9). The company was founded by Feng Zhang, Jennifer A. Doudna, George McDonald Church, J. Keith Joung and David R. Liu on September 3, 2013 and is headquartered in Cambridge, MA.

Key Stats and Financials As of 2016
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$362M
Non-Profit Donations & Grants
Non-Profit Donations & Grants Received
Investors
Details Hidden

Deerfield Management Co. LP (Private Equity) invests in a broad range of industries. It provides financing for buyout transactions to private and public companies located in the U.S.

Suppliers
C&W Facility Services, Inc. Other Business & Consulting Services | Boston, Massachusetts

DTZ is a global leader in property services offering industry leading, end-to-end property solutions to occupiers, developers, property owners and investors around the world. We build enduring partnerships with our clients, based on mutual respect and a shared understanding of each client’s exacting needs.

nextSource, Inc. Human Resources & Personnel Services | NEW YORK, NY

NextSource, Inc. designs, develops and implements innovative Web based workforce management solutions. It offers applicant tracking, vendor management, rate benchmarking, agency exchange, job auction, risk mitigation/payrolling, procurement and human resources consulting and managed services. The firm solutions include managed services program, compliance, employer of record services and services procurement. The company was founded by Joseph Musacchio in 1998 and is headquartered in New York, NY.

Red River Technology LLC Pension Funds & Sovereign Wealth | CLAREMONT, NH

Red River Technology LLC provides computer systems, software, and peripherals. Its capabilities include physical security, network security, clod, data analytics, functional mobility, collaboration, networking, support, and managed services. The firm serves civilian, defense, intelligence, healthcare, and commercial markets. The company was founded in 1995 and is headquartered in Claremont, NH.

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