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Ludwig Fund donates $20 million to University of Chicago for cancer research

e distant sites.

"Although it is a distinct, complicated, multi-step physiological process with its own dynamics, metastasis has remained largely unexplored and thus poorly understood," said Weichselbaum. "The Ludwig Cancer funds provide an unprecedented opportunity to make substantial progress in understanding and treating this fundamental component of cancer."

Born in South Haven, Mich., in 1897, Daniel Ludwig invented the super-tanker, and made successful investments in oil, gas, mining, forestry, real estate, agriculture, ranching and luxury hotels around the world. In the 1960s and 70s, he was consistently ranked among the richest men in the world.

In 1971, he established the international Ludwig Institute for Cancer Research, which since then has expended more than $1.1 billion in support of cancer research, and today has an endowment worth more than $1.2 billion. The Ludwig Fund has expended $50 million for endowed chairs at the six beneficiary institutions. Ludwig died in 1992.

According to Lloyd J. Old, M.D., Chairman of the Ludwig Fund's Trustees, Ludwig considered cancer to be one of humanity's great challenges. His business model was "to engage great minds from around the world and provide resources for them to work together," said Old. "He thought the most effective way to make real progress against cancer was to apply this same model for human benefit."

"The Directors of the Ludwig Centers are some of the most eminent figures in US cancer research today," Old said. "Combining their talents with those of the global Ludwig Institute creates a powerful force in cancer research. The Trustees believe that a collaborative 'Ludwig Cancer' network can accelerate the translation of the most promising areas of research into new cancer therapies."

Metastasis is the deadliest aspect of cancer. To metastasize, a tumor cell has to learn how to survive independently, enter the blood stream,
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Contact: John Easton
John.Easton@uchospitals.edu
773-702-6241
University of Chicago Medical Center
14-Nov-2006


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