State Adds $15 Million to Lab’s Pancreatic Cancer Center

The state will add $15 million to a Cold Spring Harbor Laboratory plan to expand its work on pancreatic cancer.

Gov. Kathy Hochul announced the contribution last week. The total cost for the Pancreatic Cancer Center of Excellence is about $500 million.

The funding from Empire State Development will be used for the lab’s $500 million expansion plan and builds on the $55 million previously committed by New York State, The new Center will advance research to diagnose and treat pancreatic cancer.

“New York State is leading on innovation in the healthcare space and this funding will advance research to better understand pancreatic cancer, one of the most devastating forms of cancer,” Governor Hochul said. “We are making important investments to ensure New York is on the cutting edge of biomedical research, creating new jobs, and ensuring we remain competitive in the 21st century economy.” 

The center is expected to create 25 new jobs at the facility, attract scientists from CSHL and other institutions, and generate two to four new spin-off companies per year. This increased commercial activity could create over 100 new local scientific jobs.

Pancreatic cancer remains one of the most lethal forms of cancer, with a survival rate of less than 10 percent for patients diagnosed after the cancer has spread.

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