Pursuits
Sean Parker Gives $250 Million for Cancer Therapy Research
- More than 300 researchers from 6 centers pledge collaboration
- Parker sees model as `blueprint for other philanthropists'
Sean Parker's $250M Cancer Mission
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Billionaire Sean Parker, the former president of Facebook Inc., has given $250 million to create a research institute dedicated to developing treatments that harness the immune system to combat cancer.
The Parker Institute for Cancer Immunotherapy will try to make it easier for more than 300 scientists from six top cancer centers around the U.S. to work together -- and with drug companies -- to develop treatments and bring them to market, according to a statement Wednesday from Parker’s foundation. Intended to be self-sustaining, the institute will centralize licensing deals for the participating organizations, redistributing gains back to them and the Parker Foundation.