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The Pershing Square Foundation Partners with The Sohn Conference Foundation To Launch $25 Million Cancer Research Alliance
Date:10/22/2013

NEW YORK, Oct. 22, 2013 /PRNewswire/ -- The Pershing Square Foundation and The Sohn Conference Foundation are pleased to announce the launch of the Pershing Square Sohn Cancer Research Alliance today at the Annual Galien Forum in New York. The Alliance is dedicated to accelerating cures for cancer by advancing the pursuit of innovative cancer research and by facilitating partnerships between the science and business communities.

The Pershing Square Sohn Prize for Young Investigators in Cancer Research will be the first initiative of the Alliance and will provide New York City-based scientists the freedom to take risks and pursue their boldest research at a stage when traditional funding is lacking.  Prize winners will each receive a stipend of $200,000 per year for up to three years. The Alliance will also provide a $1 million grant to the Sohn Conference Foundation to support the Damon Runyon-Sohn Pediatric Cancer Fellowship.

"The Pershing Square Foundation is proud to support scientific leaders in the fight against cancer," said Bill Ackman, co-founder of The Pershing Square Foundation and CEO of Pershing Square Capital Management, L.P. "The Pershing Square Sohn Cancer Research Alliance will enable innovators to find cures that benefit society.  This is especially critical now as the scientific research community faces the most drastic federal defunding in decades."

"The Pershing Square Foundation and the Sohn Conference Foundation are two of our city's leading philanthropies committed to helping people live healthier and more fulfilling lives," said Mayor Michael R. Bloomberg. "This pioneering new effort to foster and reward scientific innovation will accelerate the advancement of one of our city's fastest-growing industries – the commercial life sciences. That's going to make '/>"/>

SOURCE The Pershing Square Foundation
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