USC Receives $200 Million From Larry Ellison for Cancer Institute

USC Receives $200 Million From Larry Ellison for Cancer Institute

Photo: Michael O'Neill

The  has announced a $200 million gift from tech entrepreneur and philanthropist Larry Ellison to establish a new center that will combine interdisciplinary research with the holistic prevention and treatment of cancer.

When built, the Lawrence J. Ellison Institute for Transformative Medicine of USC will house interdisciplinary cancer research laboratories focused on scientific discovery and innovation, including the use of technology to transform cancer treatment and the creation of an interactive care clinic. The institute also will feature a think tank, education and outreach activities, a wellness program, and community spaces designed to encourage a healthful lifestyle. David B. Agus, professor at the and the , has been named to head the institute.

Ellison, an internationally renowned entrepreneur, is the founder and chair of enterprise-technology giant and the founder of the . After thirty-seven years as Oracle’s CEO, he now serves as its executive chair and chief technology officer.

"This investment by Larry Ellison in USC is as inspirational as it is momentous, and it will serve as a dynamic force for change in how we approach cancer treatment and prevention," said USC president C.L. "Max" Nikias. "It is a concrete endorsement of USC's vision to invest in the promise and potential of new technologies, and to support a bold push forward in how we achieve wellness."

"." University of Southern California Press Release 05/11/2016.