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Boston Billionaire Sumner M. Redstone has pledged $105 million to Burns Recovery and Cancer Research
by : Abdul-Salaam Masheer
Date : Thu, 19 Apr 2007 17:06:01 GMT
Sumner M. Redstone, Executive Chairman of both Viacom Corporation and CBS Corporation, pledged $105 million toward research and patient care advancements in cancer and burns recovery on Wednesday. lt;br / gt;
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This amount will be disbursed over a period of five years and is equally divided among three non-profit healthcare centers: FasterCures/The Center for Accelerating Medical Solutions, Washington DC; the Cedars-Sinai Prostate Cancer Center, Los Angeles, CA; and the Massachusetts General Hospital in Boston, MA. lt;br / gt;
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Mr. Redstone himself has suffered from third-degree burns and fought prostrate cancer. While making the contribution, he said: "Advancements in research and medical science are creating a better world and a higher quality of life for all of us. Like many, I have personally benefited from these advancements and have been an active contributor for many years to help speed their development. But I also know that there is so much more to be done and with the right resources in the right hands, we can make even more rapid progress and literally change the world.” lt;br / gt;
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At FasterCures, the $35 million gift will be used toward research targeted at finding innovative ways of accelerating clinical trial enrollments, increasing the use of information technology to study and treat diseases, identifying and implementing best practices for research, among other things. lt;br / gt;
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Cedars-Sinai Medical Center plans to use the money to support a six-year National Prostate Cancer Study and innovative cancer drug development and clinical trial programs. The current lab research will be expanded and extensive studies will be carried out to understand the biology of prostrate cancer and development of drugs and treatments for the same. lt;br / gt;
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The Sumner M. Redstone Burn and Trauma Service will be created at The Massachusetts General Hospital with Mr. Redstone 's generous contribution. This new unit will significantly enhance the hospital 's ability to treat burn and trauma patients. Further, some of the money will also be used to relocate and expand the existing Redstone Burn Center and re-configure the MGH Emergency Department. lt;br / gt;
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This is so far the biggest donation by the Sumner Redstone Charitable Foundation and Mr. Redstone said that he would continue to support further developments in the field of medicine in future.
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