The Perelman School of Medicine, commonly known as Penn Med, is the medical school of the University of Pennsylvania. It is located in the University City section of Philadelphia. Founded in 1765, the Perelman School of Medicine is the oldest medical school in the United States. Today, it is a major center of biomedical research and education, and it is widely regarded as one of the country's top medical schools. Penn Med consistently ranks among the highest recipients of NIH research awards, and it currently holds the #3 spot on U.S. News & World Report's "Best Medical Schools: Research" list.