The University of Texas is committing $75 million to kick start the new Institute for Applied Cancer Science, which will focus on speeding up the discovery and delivery of effective cancer drugs at a time when pharmaceutical companies have scaled back research and development.
Gov. Rick Perry, taking a break from his busy pursuit of the GOP presidential nomination, was on hand for the announcement at the south campus of M.D. Anderson Cancer Center, site of the new facility, in Houston on Monday. Perry said the institute would help Texas cement its position as a leader in cancer research and scientific innovation.
“I believe this state represents a unique crossroads, a place where academic research can come together with a very vibrant private sector to tap into this steadily growing biosciences sector. We’re just scratching the surface of its potential,” Perry said. “We’re creating a culture that will help ensure that great ideas that are born in Texas will stay in Texas, from the laboratory to the marketplace, and then we will export them around the world.”