Billionaire announces $250 million in cancer immunotherapy funding

April 13, 2016 4:02 AM

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Billionaire announces $250 million in cancer immunotherapy funding

WASHINGTON — Cancer immunotherapy will get a hefty dose of its own moonshot Wednesday when a tech billionaire announces he's giving $250 million to six cancer centers nationwide, including Manhattan's Memorial Sloan Kettering and Stanford.

Sean Parker, founder of the music file-sharing service Napster and the founding president of Facebook, says he is putting his money behind cancer immune therapy because it is at a turning point and would benefit from research that is done without regard for the costs.

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