Nonprofit Bankruptcy Leads To Destruction Of Cancer Research

Published: Aug 11, 2016

An investment of more than $30 million into ten years of biological cancer research has been destroyed following a Chapter 11 dispute that has lasted for over two years.

Agencies including the National Cancer Institute, Institute of Health, Department of Energy and NASA invested in the research led by scientist Dr. Lynn Hlatky. Over the course of their work, researchers had “successfully transformed normal human cells into human cancer cells.” Hlatky said that the chances of the team resuming its work with all of its material and equipment now gone are slim.

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