What Role Do Private Sector and Philanthropy Play?
The private sector, including pharmaceutical companies and biotech firms, plays a crucial role in cancer research funding. These entities often invest in the development of new drugs and therapies, bringing them from concept to market. Philanthropy is another vital component, with individual and corporate donors contributing to cancer research through fundraising campaigns and endowments. Organizations like the Susan G. Komen Foundation and the Leukemia & Lymphoma Society rely heavily on donations to fund their research initiatives.
