Creating a California Cancer Megafund: The Caltech/MIT BioFinance Working Group

Caltech and the MIT Laboratory for Financial Engineering jointly sponsored an invitation-only meeting at Caltech on April 29, 2015 to explore new business models and financial vehicles for raising and deploying funds for the commercialization of new cancer therapeutics (new discoveries to clinically proven drugs) in a scalable and profitable manner. This meeting will brought together a small group of stakeholders from financial institutions, institutional investors, foundations and endowments, and local-area academic medical centers and university research laboratories to engage in active dialogue regarding specific funding needs, potentially new business and legal structures, and new sources of capital to fund such enterprises.