April 19, 2018

MPM’s Partnership with AACR Highlighted in WSJ Pro VC “Gormley’s Take: Health-Care Investors Doing Good After Doing Well”

MPM recently donated its first funding gift of $1.2M from the UBS Oncology Impact Fund (OIF) managed by MPM to the AACR-MPM Transformative Cancer Research Grants Program. The donation will be used to fund groundbreaking cancer research that could potentially lead to early-stage innovations for start-ups to develop. MPM makes philanthropy part of its mission and as Chris Bardon, MPM Managing Director of the OIF, commented, “We need to find new and creative ways to finance innovation in this industry.” (Full article available to WSJ Pro VC Subscribers only)