Isaac Perlmutter, the man that jumpstart the rebirth of Marvel Comics is taking an even greater leap, this time by supporting Cancer research. Early today, Perlmutter and his wife Laure donated $9 million to help advance cancer research at NYU Langone Medical Center and the Technion-Israel Institure of Technology.
The research institutions said $3 million will finance six cancer-focused projects conducted by their resident researchers.
According to Comicbook Resources, $6 million of the fund will be used to build first-class research facility over at Technion's Israel campus. The facility will play pivotal role, the institutions added, in their engagement on emerging field of cancer metabolomics.
This groundbreaking collaborationwill bring together "unique expertise of researchers from both NYU and Technion", said Aaron Ciechanover, a distinguished professor and head of the David and Janet Polak Cancer and Vascular Biology Research Center at Technion, Variety reported.
Ciechanover is the 2004 Nobel Prize Laureate in Chemistry. He said the collaboration "enables us to overcome some of the most difficult challenges in treating cancer patients."
The Perlmutters have long been patrons for cancer research. In January 2014, they donated about $50 million for cancer research and treatment at NYU Langone. They have also supported various Israeli institutions such as Technion to advance its research on the field of medicine, science, and technology.
Perlmutter previously owned a toy company named Toy Biz. He, along with then business partner Avi Arad came to rescue Marvel Comics as it struggled with bankruptcy in 1998.
Within a decade, Perlmutter managed to reorganize Marvel into Marvel Studious a major force in motion picture distribution in Hollywood and the rest of the world.
Perlmutter, a self-made billionaire, is the second largest individual shareholder of Disney.