The former Citi CEO Sandy Weill starts latest cancer research hub that focuses on immunotherapy

Take a look at the full interview of CNBC with Sandy Weill and Robert Harrington

Former Citigroup On Thursday morning, CEO Sandy Weill announced a present of fifty million US dollars by the Weill Family Foundation to found the Weill Cancer Hub East, a partnership, with research on nutrition and metabolism to develop cancer treatments.

The partnership combines 4 leading research institutions – with experts from Princeton University, Rockefeller University, the Weill Cornell Medicine and the Ludwig Institute for Cancer Research – an immunotherapy technique to combat cancer.

“Good things happen when people believe in cooperation,” said Weill on Thursday morning in an exclusive interview about CNBCS “Squawk Box”.

The most up-to-date donation from Weill marks the muse, which supplies greater than 1 billion US dollars to non -profit organizations.

“With the best minds in the field, which is equipped with the most advanced research techniques, the Weill Cancer Hub East will try to increase immunotherapy and to improve patient care for people who fight cancer,” said Weill in an evidence.

The latest partnership will consider examining how nutrition and microbes that metabolize food that may influence immunotherapy and other cancer treatments. The Weill Family Foundation said that the hub would also investigate how GLP-1 agonists and other aspiring therapeutics could affect cancer treatment.

In contrast to other therapies that directly remove or attack cancer cells, the patient's immune system uses to combat or attack the disease from the within. The projects of the hub will consider the “reprogramming” of the tumor micro environment, the muse said in a publication and can even offer clinical studies.

“How we can increase the effectiveness of immunotherapy for all cancer types and patients is one of the scientific questions that have to be answered the most,” said Dr. Robert Harrington, the Dean of the Weill Cornell Medicine.

Research from the brand new hub is meant to enhance research and development from the National Institutes of Health, said Weill and can’t replace the work that the NIH does. However, Weill added that he believes that Nih's work may very well be a bit of limited.

“I think they are not the big risk carriers they used to be,” he said in “Squawk Box”. “I think it is the job of the private sector to be more of the risk carrier.”

The Weill Family Foundation previously founded one other center entitled Weill Neurohub, the researcher of the University of California in San Francisco. The University of California, Berkeley; the University of Washington; And all institutes to work on the event of treatments for neurological and psychiatric diseases.

Do not miss these findings from CNBC Pro

image credit : www.cnbc.com