Boston Scientific Corp. (NYSE:BSX) is giving away $1.7 million to the Yale School of Medicine to fund a scholarship in the name of one of its former executives.
The Natick, Mass.-based medical device giant said it will fund the “Donald S. Baim, M.D., ’75 Scholarship Fund” at Yale, in honor of the company’s former chief medical and scientific officer, who died suddenly in 2009 from a rare form of cancer.
The scholarship will support a select group of incoming first-year medical students and cover half their tuition for four years. The first award will go out to a student matriculating into the program in the summer of 2011. The university plans to base scholarship decisions on candidates’ financial need as well as their “demonstration of the excellence and intellectual and clinical drive exhibited by Dr. Baim,” the company said.
In addition to serving as medical and scientific chief at BoSci from 2006 until his death in 2009, Dr. Baim was also a professor of medicine at Harvard Medical School and a physician at Brigham and Women’s Hospital and Beth Israel Hospital. His achievements include publishing nearly 300 scientific papers and founding, or helping to found, more than 20 medical device start-up companies.
“Dr. Baim was a pioneer in interventional cardiology and less-invasive medicine who demonstrated remarkable intellect and passion across a range of disciplines. We are proud to honor his memory by supporting the next generation of medical leaders.” Boston Scientific CEO Ray Elliott said in prepared remarks.