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5 > Image 5 of Minutes of the University of Kentucky Board of Trustees, 2011-03-29

Part of Minutes of the University of Kentucky Board of Trustees

-5- The colleges faculty remain committed to providing a world-class phannacy education. And the colleges alumni continue to serve as change agents and economic development engines in communities across the Commonwealth. The dean took time to applaud the colleges community-based faculty. Phannacy students are on campus receiving their classroom and laboratory education for the first three years of school. During their fourth year, they are putting those lessons to work in communities across Kentucky. The UK College of Pharmacy has more than 300 community-based faculty across this state. Those faculty members help the College of Phannacy live UKs land-grant mission of serving Kentucky communities every day. The college maintains a presence in communities across Kentucky, with UK phannacy alumni working in 119 of 120 Kentucky counties. College of Pharmacy faculty, students, and alumni are working every day to create healthier and wealthier Kentucky communities. Dean Tracy discussed how UK PhannD students are number one in the nation in first- time pass rates (99.6 percent over the past 6 years) on the NAPLEX, the national licensing examination. But that figure tells only part ofthe story. Eighty-six percent ofthe colleges students are from Kentucky. They are Kentuckys sons and daughters the products of Pikeville and Paducah and everywhere between. And every year, they show the world that they can compete that Kentucky kids are just as academically talented as any students in the nation. The college is home to some of the top phannacy researchers in the word. Phannacy researchers are currently ranked fourth in the nation in research productivity measures, and they generate annual research expenditures of more than $11 million. Dean Tracy mentioned that the college is in the process of hiring a high-profile researcher who will bring total funding of about $13 million to the university. Finally, Dean Tracy provided the Board of Trustees a glimpse into where the college is headed in the months and years ahead. He said the college is putting the finishing touches on its strategic plan, which will focus on four maj or pillars: Innovations in Education Research Enterprise Expansion Practice Enhancement, Enrichment, and Engagement Recruitment, Retention, and Academic Environment Refonn Dean Tracy concluded his remarks by thanking the Board of Trustees for this opportunity and opened the floor for questions. In response to a question from President Todd, Dean Tracy commented on Phannacys tradition of entrepreneurship. The college has one ofthe broadest intellectual property portfolios in the university. It has multiple drugs that are in clinical trials, as well as drugs that are receiving royalties for the college. The faculty show an entrepreneurial spirit, but they do so as