UIC getting $65 million to create new medications Apr 24, 2019 | Education, Prescription Drugs, Top Stories A New York-based investment management firm is providing up to $65 million to the University of Illinois at Chicago to help it develop and commercialize new medications.To access this content, you must purchase 1 Year Health News Illinois Subscription or 1 Year Group Subscription - Up to 5 Users, or log in if you are a member.