NEW YORK, NY, (NAMC) - The Stanford University School of Medicine has received a $20 million gift from the New York-based Virginia and D.K. Ludwig Fund to establish a new world-class research enterprise to study cancer stem cells, which are believed to be at the heart of most cancers.
The funding was part of a $120 million commitment made by the foundation, and it happens to be one of the largest gifts ever by a private foundation for cancer research, the funding went to Stanford and five other academic centers nationwide.
According to Stanford, the funding that was given to them will be used to launch the Ludwig Center for Cancer Stem Cell Research and Medicine, and build upon the distinguished discoveries that Stanford researchers have made in this field. The goal of the center is to identify and better understand the role of these elusive cells in common cancers and then use this knowledge to develop more effective treatments. Most of the initial grant will be used to create a permanent endowment for the Ludwig Center.
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