Purdue University has announced a $10 million matching gift from the Indianapolis-based Walther Cancer Foundation to advance research in the areas of drug discovery, treatments, and cures at its Center for Cancer Research.
It is hoped the gift will inspire additional endowment gifts in support of the center's efforts to recruit and retain faculty, acquire needed equipment, and conduct research in areas such as drug discovery and development for cancers of the breast, pancreas, and prostate, as well as other cancers. The gift is the most recent to Purdue from the Walther Foundation, which has awarded grants totaling more than $16 million to the university, including $4.2 million over the last three years.
"We couldn't be more grateful to the Walther Foundation," said Purdue president Mitch Daniels. "Nor could we be more proud of the work being done at our cancer center, which has generated ten potential drugs in clinical trials, with thirty-one in the pipeline, and technology that has created fifteen startup companies over the last seven years."