Drugmaker donates 1.9 bil. yen of its shares to Kyoto Univ.

JCR Pharmaceuticals Co. has donated company shares worth about 1.9 billion yen ($14 million) to Kyoto University in the first share donation by an enterprise to a public university in Japan, the two entities said Monday.The 1 million shares would yield around 20 million yen in dividends annually and will go toward supporting two university-related funds, Tasuku Honjo "Yuh-shi" Fund and the Cancer Immunotherapy Research Fund.The university acquired the shares from the Ashiya, Hyogo Prefecture-based drugmaker in September.Donations in the form of shares have advantages for universities as the…READ FULL ARTICLE