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Ludwig Institute Consolidated Financial Report for 2012
Ludwig Institute for Cancer Research Ltd Statutory Financial Statements 2012 Ludwig Institute for Cancer Research Ltd, Zurich Report of the Statutory Auditor on the Financial Statements to the General Meeting of Shareholders Financial Statements 2012 KPMG AG Zurich, May 14, 2013 - 8 - Ludwig Institute for Cancer Research Ltd - 9 - Ludwig Institute for Cancer Research Ltd - 10 - Ludwig Institute for Cancer Research Ltd Balance Sheet as at December 31, 2012 USD CHF 2012 2011 2012 2011 Assets Current assets Liquid funds (Notes 1 & 2) 22,138,495 15,385,587 20,265,932 14,387,043 Fixed term deposits (Notes 1 & 2) 6,439,223 14,765,382 5,894,618 13,806,828 Other receivables - Third parties 2,640,414 3,461,456 2,417,059 3,236,845 External funding 3,888,612 3,411,279 3,559,672 3,189,902 Prepayments and accrued income 3,120,349 2,681,977 2,856,387 2,507,918 Total current assets 38,227,093 39,705,681 34,993,668 37,128,536 Fixed assets Financial fixed assets - Investments (Note 4) 7,080,599 5,103,000 6,481,635 4,771,815 Other (Notes 1 & 5) 1,517,679 1,987,090 1,389,319 1,858,180 Total fixed assets 8,598,278 7,090,090 7,870,954 6,629,995 Total assets 46,825,371 46,795,771 42,864,622 43,758,531 Liabilities and Net worth Current liabilities Accounts payable - third parties (Note 7) 8,873,562 10,624,684 8,122,981 9,935,143 Accruals (Note 1) 6,507,197 7,514,082 5,956,785 7,026,474 Provisions (Notes 1 & 8) 5,839,674 5,860,811 5,345,653 5,480,518 Deferred income (Notes 1 & 10) 6,887,424 10,096,102 6,304,919 9,441,140 Total current liabilities 28,107,857 34,095,679 -
Ludwig Institute Consolidated Financial Report for 2019
Ludwig Institute for Cancer Research Ltd, Zurich Report of the Statutory Auditor on the Consolidated Financial Statements to the General Meeting of Shareholders Consolidated Financial Statements 2019 KPMG AG Zurich, May 22, 2020 KPMG AG Audit Räffelstrasse 28 PO Box Telephone +41 58 249 31 31 CH-8045 Zurich CH-8036 Zurich Internet www.kpmg.ch Report of the Statutory Auditor to the General Meeting of Shareholders of Ludwig Institute for Cancer Research Ltd, Zurich Report of the Statutory Auditor on the Consolidated Financial Statements As statutory auditor, we have audited the accompanying consolidated financial statements of Ludwig Institute for Cancer Research Ltd, which comprise the balance sheet, income statement, statement of cash flows, statement of capital changes and notes for the year ended December 31, 2019. Board of Directors’ Responsibility The board of directors is responsible for the preparation of the consolidated financial statements in accordance with Swiss GAAP FER and the requirements of Swiss law. This responsibility includes designing, implementing and maintaining an internal control system relevant to the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. The board of directors is further responsible for selecting and applying appropriate accounting policies and making accounting estimates that are reasonable in the circumstances. Auditor’s Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Swiss law and Swiss Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the consolidated financial statements are free from material misstatement. -
Medical Advisory Board September 1, 2006–August 31, 2007
hoWard hughes medical iNstitute 2007 annual report What’s Next h o W ard hughes medical i 4000 oNes Bridge road chevy chase, marylaNd 20815-6789 www.hhmi.org N stitute 2007 a nn ual report What’s Next Letter from the president 2 The primary purpose and objective of the conversation: wiLLiam r. Lummis 6 Howard Hughes Medical Institute shall be the promotion of human knowledge within the CREDITS thiNkiNg field of the basic sciences (principally the field of like medical research and education) and the a scieNtist 8 effective application thereof for the benefit of mankind. Page 1 Page 25 Page 43 Page 50 seeiNg Illustration by Riccardo Vecchio Südhof: Paul Fetters; Fuchs: Janelia Farm lab: © Photography Neurotoxin (Brunger & Chapman): Page 3 Matthew Septimus; SCNT images: by Brad Feinknopf; First level of Rongsheng Jin and Axel Brunger; iN Bruce Weller Blake Porch and Chris Vargas/HHMI lab building: © Photography by Shadlen: Paul Fetters; Mouse Page 6 Page 26 Brad Feinknopf (Tsai): Li-Huei Tsai; Zoghbi: Agapito NeW Illustration by Riccardo Vecchio Arabidopsis: Laboratory of Joanne Page 44 Sanchez/Baylor College 14 Page 8 Chory; Chory: Courtesy of Salk Janelia Farm guest housing: © Jeff Page 51 Ways Illustration by Riccardo Vecchio Institute Goldberg/Esto; Dudman: Matthew Szostak: Mark Wilson; Evans: Fred Page 10 Page 27 Septimus; Lee: Oliver Wien; Greaves/PR Newswire, © HHMI; Mello: Erika Larsen; Hannon: Zack Rosenthal: Paul Fetters; Students: Leonardo: Paul Fetters; Riddiford: Steitz: Harold Shapiro; Lefkowitz: capacity Seckler/AP, © HHMI; Lowe: Zack Paul Fetters; Map: Reprinted by Paul Fetters; Truman: Paul Fetters Stewart Waller/PR Newswire, Seckler/AP, © HHMI permission from Macmillan Page 46 © HHMI for Page 12 Publishers, Ltd.: Nature vol. -
Don Cleveland Shows How Research in Neuroscience Is Leading to New Approaches to Treat Brain Cancer
18 INTERDISCIPLINARY RESEARCH Ludwig Cancer Research has a long tradition of nurturing investigators who see connections among different fi elds. The work of Ludwig scientist Don Cleveland shows how research in neuroscience is leading to new approaches to treat brain cancer. 19 TECHNIQUE TO VANQUISH DISEASE IN NERVOUS SYSTEM APPLIED TO CANCER Richard Smith, a neurologist who has a roster of patients with neurodegenerative disease, would not leave Ludwig scientist Don Cleveland alone. Cleveland’s laboratory at Ludwig San Diego had the means to test an idea to help people with Don Cleveland amyotrophic lateral sclerosis (ALS, also called Lou Gehrig’s disease), whom Smith saw regularly at his San Diego clinic. “He was relentless in badgering me,” recalls Cleveland of their interactions in 2005. The idea was to silence a gene that is mutated in a proportion of inherited ALS cases, caused by mutation in SOD-1 (superoxide dismutase 1), in the hope that quelling the bad gene could also quell disease. To silence the gene, Smith suggested using an antisense oligonucleotide, a small piece of single-stranded DNA. It was designed to destroy the gene’s mRNA, a molecular intermediary between the gene and the protein it encodes. Smith proposed testing the oligonucleotide in animals with a pump that would infuse the DNA drug directly into the cerebrospinal fl uid, essentially bathing the brain and spinal cord in it. To work, the drug needed to be taken up by the motor neurons. Cleveland didn’t think this would happen. But Smith, who later spent two years in Cleveland’s lab working on the project, argued that they had nothing to lose. -
GSA Welcomes 2012 Board Members
7INTERs3PRING 4HE'3!2EPORTER winter s spring 2012 New Executive GSA Welcomes 2012 Board Members Director Now on Board The Genetics Society of America New Members of the GSA Board of welcomes four new members elected Directors Adam P. Fagen, by the general membership to the Ph.D., stepped in as 2012 GSA Board of Directors. The VICE PRESIDENT: GSA’s new Executive new members are: Michael Lynch Michael Lynch, Director beginning (Indiana University), who serves as Distinguished December 1, 2011. vice president in 2012 and as GSA Professor of Dr. Fagen previously president in 2013 and Marnie E. Biology, Class of was at the American Halpern (Carnegie Institution for 1954 Professor, Society of Plant Science); Mohamed Noor (Duke Department of Biologists (ASPB), University); and John Schimenti Biology, Indiana where he was the director of public (Cornell University), who will serve as University, continued on page nineteen directors. Bloomington. Dr. Lynch is a population and evolutionary biologist and a In addition to these elected officers, long-time member of GSA. Dr. Lynch 2012 Brenda J. Andrews (University of sees GSA as the home for geneticists Toronto), Editor-in-Chief of GSA’s who study a broad base of topics GSA Award journal, G3: Genes|Genomes|Genetics, and organisms, and as a forum Recipients which was first published online in where general discussion occurs, June 2011, becomes a member of the whether based on the principles Announced Board of Directors. The bylaws have of genetics, the most pressing historically included the GENETICS GSA is pleased to announce the issues within the discipline itself, or editor-in-chief on the Board and as a responses to societal concerns and/ 2012 recipients of its five awards result of a 2011 bylaw revision, the G3 for distinguished service in the or conflicts within applied genetics. -
LUDWIG LINK | NOVEMBER 2013 Irector of Communications Irector Steinhardt Achel Positive
LUDWIG LINK NOVEMBER 2013 IN THIS ISSUE 3 | Oxford Report 11 | Irv Weissman Q&A News from the Ludwig A conversation with the scientific retreat Ludwig Stanford director Continued inside > LUDWIG LINK | NOVEMBER 2013 1 LUDWIG LINK NOVEMBER 2013 LETTER Fall is an ideal time to refresh the mind and engage in creative new thinking and direction. TABLE OF CONTENTS And last month started off on a high note, with a Ludwig retreat Meeting Notes 3 in Oxford that packed three Getting to know you days with information sharing 3 Abracadabra and networking. The caliber 4 of the content, speakers and attendees was amazing Company News in itself. It was an unparalleled opportunity to foster 4 interactions and collaborations among some of the most Well designed 4 distinguished researchers from around the world. News Roundup 5 The passion was palpable from the presentations to the Buyer beware 5 coffee breaks and after-hour conversations. Off-site Dark horse 5 meetings encourage out-of-the-box thinking because Don’t delete 6 being in unfamiliar surroundings can break old habits Sn(i)ps 7 and generate energy, leading to fresh ideas and deeper Fickle finger of cell fate 7 LUDWIG LINK | NOVEMBER 2013 thinking. The splice of life 8 Eats, shoots and leaves 9 And the feedback couldn’t have been more positive. “The retreat offered me an incredible opportunity to Ask a Scientist 10 foster new and deeper collaborations with other Ludwig labs. It felt like the cancer biologist’s version of AC/DC’s Q&A with Irv Weissman 11 greatest hits album!” said Adriel Cha of Ludwig Stanford. -
Humankind 2.0: the Technologies of the Future 6. Biotech
Humankind 2.0: The Technologies of the Future 6. Biotech Piero Scaruffi, 2017 See http://www.scaruffi.com/singular/human20.html for the full text of this discussion A brief History of Biotech 1953: Discovery of the structure of the DNA 2 A brief History of Biotech 1969: Jon Beckwith isolates a gene 1973: Stanley Cohen and Herbert Boyer create the first recombinant DNA organism 1974: Waclaw Szybalski coins the term "synthetic biology” 1975: Paul Berg organizes the Asilomar conference on recombinant DNA 3 A brief History of Biotech 1976: Genentech is founded 1977: Fred Sanger invents a method for rapid DNA sequencing and publishes the first full DNA genome of a living being Janet Rossant creates a chimera combining two mice species 1980: Genentech’s IPO, first biotech IPO 4 A brief History of Biotech 1982: The first biotech drug, Humulin, is approved for sale (Eli Lilly + Genentech) 1983: Kary Mullis invents the polymerase chain reaction (PCR) for copying genes 1986: Leroy Hood invents a way to automate gene sequencing 1986: Mario Capecchi performs gene editing on a mouse 1990: William French Anderson’s gene therapy 1990: First baby born via PGD (Alan Handyside’s lab) 5 A brief History of Biotech 1994: FlavrSavr Tomato 1994: Maria Jasin’s homing endonucleases for genome editing 1996: Srinivasan Chandrasegaran’s ZFN method for genome editing 1996: Ian Wilmut clones the first mammal, the sheep Dolly 1997: Dennis Lo detects fetal DNA in the mother’s blood 2000: George Davey Smith introduces Mendelian randomization 6 A brief History of Biotech -
LUDWIG LINK | JULY 2014 Director of Communications Director Steinhardt Rachel Sincerely, Reading! Happy More Prizes
LUDWIG LINK 2014 | JULY IN THIS ISSUE LUDWIG 8 | News Roundup 14 | Q&A Bird virus boosts Peter Gibbs of Ludwig LINK effectiveness of Melbourne-WEHI on immunotherapy effort inspiration and science JULY 2014 Continued inside > 1 LUDWIG LINK JULY 2014 LETTER Antoine-Augustin Parmentier got one in 1773 for identifying a vegetable that could ease TABLE OF CONTENTS famines, and popularized the potato in France. About a Awards and distinctions 3 century and a half later, Charles Cancer’s worst enemy 3 Lindbergh got one for flying Turbocharged team 3 from New York to Paris, and Inspired immunotherapist 4 revolutionized the business of aviation. More recently, A new chief 4 the X Prize Foundation used one to kick off a commercial Nonpareil class 5 space race. Meeting notes 6 A prize is what each of them got. Prizes inspire human achievement at least as much as they celebrate it. And Omne trium perfectum 6 they give the rest of us an opportunity to tip our collective hats to the intrepid, the inspired and the awe-inspiring. News roundup 7 Real hope for real change 7 In this issue you’ll read about 13 Ludwig scientists who Of birds and men 8 dared to ask big questions. Each of the awards won by our Developmental disorders 8 LUDWIG LINK 2014 | JULY researchers this year recognizes significant contributions Clairvoyant 9 to cancer research or therapy. Taken together, they serve Making headway 10 as testament to the high caliber of Ludwig research and DNA detectives 10 the dedication of its scientists. Break repair 11 The nuclear option 12 We also asked three young Ludwig researchers from around the world how prizes impact science. -
2018 Progress Report and 2019 Update
2018 Progress Report and 2019 Update Defeat GBM Research Collaborative Key Personnel: PRINCIPAL INVESTIGATORS • Tim Cloughesy, MD A NOTE FROM THE CEO University of California, Los Angeles • John de Groot, MD MD Anderson Cancer Center Over the past five years, the Defeat GBM Research Collaborative has stood as a testament to the power of ideas, collaboration, and the philanthropic partnership • Frank Furnari, PhD between patient advocacy nonprofits like NBTS and a dedicated community of Ludwig Cancer Research, supporters. University of California, San Diego • Dimpy Koul, PhD When we launched Defeat GBM as our flagship research initiative in 2014, we MD Anderson Cancer Center sought to do something different. Decades of grant-making in the traditional form of funding separate, individual research projects (one- to two-year grants • Ingo Mellinghoff, MD to a single Principle Investigator) had produced extraordinary knowledge of the Memorial Sloan Kettering Cancer Center biology of glioblastoma cells, but not nearly enough of this work was primed to • Paul Mischel, MD move out of research laboratories and into clinical trials for patients. Ludwig Cancer Research, University of California, San Diego NBTS wanted to see what could be accomplished if, instead of continuing this traditional model of research funding, we deep-funded a team of expert • Erik Sulman, MD, PhD researchers, over a five-year period, to work collaboratively. This team would be NYU Langone’s Perlmutter charged with working across the continuum of research to translate a scientific Cancer Center discovery into an actionable treatment strategy and/or medical product that could • Roel Verhaak, PhD be tested in clinical trials, and hopefully become an approved new therapeutic The Jackson Laboratory option for patients. -
2019 Research Highlights
2019 RESEARCH HIGHLIGHTS LIFE-CHANGING SCIENCE 1 2 WELCOME Welcome to the Ludwig 2019 Research Highlights Report. As we do every year, we’ve selected a handful of recent discoveries and advances made by Edward A. researchers affiliated with Ludwig Cancer Research and woven the stories behind each into McDermott Jr. President and profiles of the scientists responsible for them. Chief Executive Officer The intention is to illustrate the depth and breadth of Ludwig’s life-changing science. But the stories told in this report also speak to the human side of science—the aspirations and fascinations that drive scientific research, the relationships that fuel its progress—as much as the fundamental challenges of cancer biology and care. Beyond that, they illustrate the truly global scope of the scientific effort to defeat cancer. You will thus read here about the improbable journey of a boy living hand-to-mouth in a coastal Chi Van Dang Chinese village to a U.S. university and on to the frontiers of medical nanotechnology, where Scientific his inventions, now in clinical trials, are putting a new twist on chemo- and radiotherapy. Director You’ll learn about how a bright young girl from California moved to aid children with Down syndrome grew into an inspired clinical neurologist whose research is bringing new hope to kids diagnosed with an intractable brain cancer and people afflicted by the cognitive decline caused by chemotherapy. Another profile charts the path taken by a British nephrologist to a landmark discovery of how cells sense and respond to oxygen—a system of profound significance in cancer—and his recent identification of a second, evolutionarily ancient cellular oxygen sensor. -
Ludwig Presence at 2016 AACR Annual Meeting
Ludwig Presence at 2016 AACR Annual Meeting Ludwig Scientist (s) Affiliation (s) Session Time Location Session Type Session Title Presentation/Abstract Title & Time SATURDAY, APRIL 16 Using Tumor Biology to Drive Room 288, Morial Convention 9:30am - 9:55am: Immunotherapies for Sarcoma: Crystal Mackall Ludwig Stanford 8:00am - 10:00am Educational Session More Effective Sarcoma Center Progress and Challenges Therapy Room 278, Morial Convention Cancer Immunology for the Crystal Mackall Ludwig Stanford 10:15am -12:15pm Educational Session 10:15am - 12:15pm: Education Manuscript Center Non-Immunologist: Tutorial SUNDAY, APRIL 17 Ovarian cancer Room 343, Morial Convention Meet-the-Expert George Coukos Ludwig Lausanne 7:00am - 8:00am immunotherapy. From bench Invited speaker Center Session to bedside Cellular Plasticity, Cellular Room 288, Morial Convention Meet-the-Expert Xin Lu Ludwig Oxford 7:00am - 8:00am Heterogeneity and Single Cell Invited speaker Center Session Sequencing Stapled Peptides as a New Room 357, Morial Convention Meet-the-Expert Form of Medicine for David Lane Ludwig New York 7:00am - 8:00am Invited speaker Center Session Oncology Targets: Challenges and Progress Room 271, Morial Convention Meet-the-Expert The Role of Metabolism in Matthew Vander Heiden Ludwig MIT 7:00am - 8:00am Invited speaker Center Session Supporting Tumor Growth Thirteenth Annual AACR Award for Lifetime Bob Weinberg Ludwig MIT 8:15am - 9:00am Hall F, Morial Convention Center Awards and Lectures Award recipient Achievement in Cancer Research Thirty-Sixth -
Consummate Neuro-Oncologist
THE CONSUMMATE NEURO-ONCOLOGIST Michelle Monje’s teenage project to aid the disabled led her to neurology and a research career that’s bringing new hope for the treatment of childhood brain cancers and the mind-fog caused by chemotherapy. Competitive figure skating was once a big abiding interest in neurology. In keeping part of Michelle Monje’s life. By the time she with her mother’s advice, Monje has over was in middle school in the Bay Area of San the past quarter century made significant Francisco, Monje was squeezing in as many contributions to our understanding of as 35 hours of practice every week at the the brain’s postnatal plasticity and the rink. Then her mother, who’d started at IBM in neurological disorders caused by cancer the late 60’s as a computer programmer and therapies. She has also led the charge worked her way up to the executive ranks, against a swiftly lethal childhood cancer of had a little chat with her. “She pointed out the brainstem known as diffuse intrinsic that dedicating that much time to a sport pontine glioma (DIPG), charting new was great,” Monje recalls, “but perhaps I approaches to the treatment of the long- should also think about how I’m going to be neglected cancer and other high-grade productive and contribute to the rest of the gliomas that she is now—or soon will be— world.” Just 13 at the time, Monje mulled evaluating in clinical trials. the matter for a spell and came up with a precociously fitting answer: She created In 2018, Monje and her colleagues reported a figure skating program for children with in Cell their dissection of the cellular Down syndrome.