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Bloomberg, others give Hopkins $125 million for cancer research that helped Jimmy Carter

March 29, 2016 at 2:47 p.m. EDT
Michael Bloomberg, while mayor of New York, at a 2013 press conference. (AP/John Minchillo)

Research into immunotherapy, which cancer experts are calling the most promising approach in decades, got a boost Tuesday when Michael Bloomberg and other philanthropists announced $125 million in donations to Johns Hopkins University for a new institute focused solely on the therapy and accelerated breakthroughs for patients.  

Bloomberg, the businessman, philanthropist and former New York mayor, has agreed to donate $50 million, as has Sidney Kimmel, a philanthropist and founder of Jones Apparel Group. The institute, to be housed at the Sidney Kimmel Comprehensive Cancer Center in Baltimore, will draw on experts in cancer, immunology, genetics, microbiology and biomedical engineering to pursue advances, Hopkins officials said.