More than $50 million in private funding aims to cure type 1 diabetes in six years
DUARTE, Calif. — A cure for Type 1 diabetes (T1D) in six years is the new goal of City of Hope’s Diabetes and Metabolism Research Institute. Through the generosity of the Wanek family and gifts from anonymous donors, the institution will be able to devote more than $50 million over the next six years to an innovative research effort that seeks to find a cure for T1D.
The family’s gift will establish the Wanek Family Project for Type 1 Diabetes at City of Hope.
City of Hope has a long and groundbreaking history in diabetes. Arthur D. Riggs, Ph.D., conducted research in 1978 that led to the development of synthetic human insulin. Insulin is still used today by an estimated 1.5 million Americans with type 1 diabetes, (T1D) and 27 million with type 2 diabetes (T2D).
Funding for this transformative research is being led by a gift from the Wanek family, which founded and currently owns Ashley Furniture Industries, the world’s largest home furniture manufacturer. The project will create a series of highly-focused programs based at City of Hope that will use an integrated approach to curing T1D, including immunotherapy approaches, as well as research into beta cell transplantation and preventing the body from rejecting those insulin secreting cells.
“City of Hope is best positioned to take on this challenge,” said Robert W. Stone, president and chief executive officer of City of Hope. “This is thanks to our 40-year institutional legacy of pioneering treatment and research advances in diabetes.
“City of Hope is extremely grateful for the Wanek family’s significant gift that will enable the institution to forward type 1 diabetes research, the results of which will have worldwide impact,” Stone added. “We invite others to join the Wanek family and City of Hope as we continue to move even closer to a cure for type 1 diabetes.”
“City of Hope scientists’ research has revolutionized the understanding and treatment of diabetes,” said Todd Wanek, CEO of Ashley Furniture, speaking on behalf of his family. “It continues today as physicians and scientists gain systemic understanding of diabetes as a complex, multifaceted disease.”
“Our family is extremely confident that City of Hope is the institution that will find a cure for the more than 1 million Americans who battle type 1 diabetes disease every day,” Wanek said.
City of Hope’s goal to cure T1D will focus on three core areas that are crucial in treating both types of diabetes:
Distinguished City of Hope diabetes research faculty who will lead these efforts include:
Bart Roep, Ph.D., Chan Soon-Shiong Shapiro Distinguished Chair in Diabetes and professor and founding chair, Department of Diabetes Immunology, will lead the Wanek Family Project; Arthur D. Riggs, Ph.D., Samuel Rahbar Chair in Diabetes & Drug Discovery Research; director, Diabetes & Metabolism Research Institute and director emeritus, Beckman Research Institute of City of Hope; Fouad R. Kandeel; Rama Natarajan, Ph.D., National Business Products Industry Professor in Diabetes Research; professor and chair, Department of Diabetes Complications and Metabolism and member, Molecular and Cellular Biology of Cancer Program; Debbie C. Thurmond, Ph.D., Ruth B. & Robert K. Lanman Chair in Gene Regulation and Drug Discovery Research and founding chair, Department of Molecular and Cellular Endocrinology; and Defu Zeng, professor, Department of Diabetes Immunology and Department of Hematology & Hematopoietic Cell Transplantation.
About City of Hope
City of Hope is an independent research and treatment center for cancer, diabetes and other life-threatening diseases. Designated as one of only 47 comprehensive cancer centers, the highest recognition bestowed by the National Cancer Institute, City of Hope is also a founding member of the National Comprehensive Cancer Network, with research and treatment protocols that advance care throughout the world. City of Hope is located in Duarte, California, just northeast of Los Angeles, with community clinics throughout Southern California. It is ranked as one of "America's Best Hospitals" in cancer by U.S. News & World Report. Founded in 1913, City of Hope is a pioneer in the fields of bone marrow transplantation, diabetes and numerous breakthrough cancer drugs based on technology developed at the institution. For more information about City of Hope, follow us on Facebook, Twitter, YouTube or Instagram.
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