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500M to cancer research

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Phil Knight hopes his third gift turns into $1B for Oregon Health and Science University.

Nike quarterly profit rose 22% from the same quarter of last year, the company announced Thursday.(Photo: Chris O AP)

PORTLAND, Ore. (AP) Nike founder Phil Knight pledged $500 million to Oregon Health and Science University in the form of a challenge he hopes will launch a $1 billion cancer research initiative.

The gift is contingent on OHSU raising at least $500 million for cancer within two years.

The gift, announced Saturday by the hospital, is the third one from Knight and his wife, Penny, to OHSU. A 2008 gift of $100 million went to the hospital's Knight Cancer Institute.

The Knights announced the gift Friday night at a gala for the cancer institute.

"It is incumbent on every one of us Top Selling Air Max 2016 Red Black Online to do what he or she can to keep the Nike Air Max 90 Womens miracles coming," Knight said, in comments distributed by the hospital.

Knight Cancer Institute Director Dr. Brian Druker, who helped develop a drug that targets genetic defects in a particular cancer while leaving healthy cells unharmed, said the pledge will Cheap Nike Air Max 2016 help kick start Top Selling Air Max 2016 Red Black Online solutions to the next major challenges in cancer research.

"This is a transformative moment," said OHSU President Joe Robertson in comments distributed by the hospital, "not just for OHSU and for Oregon, but for the people who matter most.

In September 2012, Knight pledged $125 million to establish a cardiovascular institute at the hospital that is expected to help in recruiting doctors and bridging the so called translational gap between the data found in research and its application in a clinical setting.