A chair is a prestigious position that enables the university to attract and keep top scientists, and provides the income to hire researchers and train students. Today, we are celebrating the creation of two new chairs at McMaster, and recognizing the talents of the people who will be occupying these chairs for the next five years. The Moran Campbell Chair in Respiratory Medicine will be held by Dr. Paul O'Byrne, a professor of medicine at St. Joseph's Hospital, and one of the leading experts on asthma. Congratulations to both of you, Dr. Gaulin and Dr. O'Byrne, and thanks to Atomic Energy of Canada and Astra Pharmaceutical. We're fortunate here in Ontario to have such outstanding scientific talent and corporations that recognize the value of their research.
Intellectual capital is the key to our future economic growth and prosperity.
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