OHSU's Knight Cancer Institute nets $1B

The Knight Cancer Institute at Oregon Health & Science University said it raised $500 million, triggering a matching $500 million gift from Nike Inc. co-founder Philip Knight and his wife, Penny. The university met its goal more than seven months ahead of the Knights' two-year fund-raising deadline, according to Tomasz Beer, deputy director of the Knight Institute.

The state of Oregon provided $200 million, while Columbia Sportswear Chairman Gert Boyle gave $100 million. Beer told BioCentury the funds would support research in early cancer detection, but would not disclose specific targets. He said the university expects to break ground on two research buildings next year. ...