Sean Parker Donates $250 Million to Launch Cancer Immunotherapy Institute

April 13, 2016 10:10 AM

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Sean Parker Donates $250 Million to Launch Cancer Immunotherapy Institute

Silicon Valley billionaire Sean Parker will donate $250 million to launch a new institute aimed at developing more effective cancer treatments by fostering collaboration among leading researchers in the field.

"Any breakthrough made at one center is immediately available to another center without any kind of IP (intellectual property) entanglements or bureaucracy," Parker, the co-founder of music-sharing website Napster and the first president of Facebook, told Reuters in an interview.

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