The in La Jolla, California, has announced a $100 million gift from real estate developer and philanthropist Conrad Prebys.
The largest gift Prebys has ever made will be used to advance the institute's ten‑year plan to accelerate the delivery of innovative treatments that significantly improve human health. In recognition of the gift, the institute will be renamed the Sanford Burnham Prebys Medical Discovery Institute.
An honorary Sanford-Burnham trustee, Prebys previously gave $11 million to the institute, including $10 million in 2009 to support the Conrad Prebys Center for Chemical Genomics. His investment in the ultra‑high‑throughput chemical screening center helped establish a drug discovery platform that is critical to Sanford‑Burnham's efforts to advance discoveries in the lab to clinical trials as well as attract commercial interest.
"A gift of this magnitude is significant in many ways," said Sanford‑Burnham CEO Perry Nisen. "It enables us to conduct translational research to advance laboratory discoveries and clinic-ready drug candidates further along the development pipeline, progressing toward therapies, preventions, and cures for patients who desperately need them."