It's no secret that Virginia Commonwealth University (VCU) shares a cozy relationship with the tobacco industry. In fact, VCU and the industry have long supported each other in a number of ways.
In 1991, while other medical schools including Harvard and Johns Hopkins were divesting their tobacco stocks, VCU's longtime President, Dr. Eugene Trani, was working to make VCU more tobacco-friendly, negotiating a new smoking policy that explicitly permitted smoking in 41 out of 42 of the University's facilities. The one area where smoking was not permitted was VCU's hospital, since this would have made it ineligible for accreditation, and hence government Medicare and Medicaid reimbursements. Philip Morris CEO Michael Szymanczyk was the keynote speaker at VCU's graduation ceremony in 2003. In 2005, USA Today reported that PM had endowed a Chair of International Business in the University's School of Business, and that PM was at that time funding 12 studies at VCU accounting for $4.4 million. Also in 2005, the Richmond Times-Dispatch reported that PM was investing $300 million in a new Virginia Biotechnology Research Park and that VCU had been closely involved in the negotiations to create the facility. The Dispatch wrote that, thanks to the Biotech Park, "VCU is poised to become a partner in key areas of compatible research with Philip Morris."