Taking a page from Facebook CEO Mark Zuckerberg’s philanthropic playbook, an important gift of his own was made by Sean Parker.
CEO strongly suggested more to come and contributed $10 million to set up a fresh research laboratory in the UC San Francisco Diabetes Center.
The 35-year old Parker, who’s worth an estimated $3.1 billion, has an “on-going interest in immunology,” dating to his well-being problems with allergies and asthma.
“The tactical plan would be to remove type 1 diabetes,” Parker says.
Parker, who was Facebook’s first president before beginning several businesses including Napster and Plaxo, expects to be a “catalyst” for scientific research that results in improved treatments and reduced costs.
“Look, it is an experiment, it’s research,” says UCSF’s Jeffrey Bluestone, a leading immunologist.
14 million afflicts to 22 million Americans, as stated by the National Institutes of Health (NIH). The yearly medical costs for treating type 1 diabetes alone are $4.6 to $9.2 billion, as stated by the NIH.
Parker’s contribution is illustrative of an increasing variety of younger technology entrepreneurs that have made it their company to put money into the city after amassing riches.
Zuckerberg last month and his wife, Priscilla Chan, established a multimillion-dollar private preschool, K-8 school and health services for families and kids Calif.