80 year old Lokey’s $33 million donation for Stanford Stem Cell Labs

LokeySuch a Californian story: Lorry I. Lokey, the founder of Business Wire will give a minimum of $33 million to help build a home for Stanford’s Institute for Stem Cell Biology and Regenerative Medicine. Lokey says: “The important thing to me is that stem cells might not only extend life, but also improve the quality of life, as so many people suffer in their later years,” said Lokey, who will turn 80 in March. “But I think stem cells will have applications across the entire life span.” Lokey’s contribution to the School of Medicine—its largest single gift to date from an individual—will launch construction of new stem cell laboratories on campus where scientists will probe the power of these elusive cells in treating conditions as diverse as cancer, stroke and diabetes. Lokey launched Business Wire in San Francisco in 1961 with $2,000 of his own money. It quickly grew to become a news industry powerhouse, now distributing an average of 17,000 corporate and academic press releases a month. “The biotech revolution has become so important to the quality of life,” he said. “To me, the biotech field is going to be very, very hot for the next generation.” Link

3 thoughts on “80 year old Lokey’s $33 million donation for Stanford Stem Cell Labs

  1. Great news for stem cell researchers in California 🙂

    By the way, is it Lookey or Lokey? You seemed to interchange the fellow’s name a few times 🙂

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