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Texan Offers Billion Dollar Reward For Breast Cancer

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Texan Offers Billion Dollar Reward For Breast Cancer

The Dewey Foundation is trying to raise 1 billion dollars to give to the person who discovers the cure for breast cancer.

Mike Dewey has a flamboyant plan to eliminate breast cancer. While having nothing close the $1 billion he is offering to the person who discovers the cure, 48-year-old from Austin, Texas says he is certain that the money will roll in once it happens.

Dewey’s family were struck with the horrors of breast cancer when his wife, Barbara was diagnosed with the disease in 2000. Lucky Barbara survived her ordeal and has been cancer free since the operation but Dewey still worries knowing that his two daughters have an increased risk of developing the cancer.

the cure for breast cancer1 Texan Offers Billion Dollar Reward For Breast Cancer

“I get pretty fired up about this because I’ve got girls in danger,” said Dewey

Dewey’s non-profit organization ‘The Dewey Foundation’ was set up back in 2006 with the goal of raising $1 billion dollars to donate to person who discovers the cure for breast cancer. So far Dewey has raised around $22 million in pledges and $90,000 in donations, slowly proving that his idea is not altogether crazy.

Although Dewey is still a large amount short of the 1 billion total, his motivation is unfazed and his philosophy stays the same.

“I think that we’ve cracked the code for a new kind of philanthropy….
“People always have and people always will respond to economic stimuli.”

Said Dewey, who says he’d retain the intellectual rights to the cure, but make it available to the public for free.

Many experts including the chair of the department of medical ethics at the University of Pennsylvania in Philadelphia Arthur Caplan are critical of Dewey’s idea, dismissing the plan as “naive.” Caplan explained,

“I think sometimes there is a belief that if we have the right incentive, anything can be solved,
“This isn’t a problem of incentive. It’s having the right luck, the right breakthrough, the right science to get the problem solved.”

Margaret “Peg” Mastrianni, the deputy director of the Breast Cancer Research Foundation voiced her opinions saying that donors would want assurance that their money would go towards the “most promising investigations and that progress will be monitored.”

Dr. David Euhus, a surgical oncologist at the University of Texas Southwestern Medical Center, noted that people may donate grants due their frustration with the slow pace of traditional funding, and those who do may be willing to take bolder steps.

But although Dewey’s idea may make a social statement, Euhus said he doesn’t think many people will look at it as realistic, the research alone takes millions of dollars.

“It’s not one disease. It’s hundreds of diseases. There are hundreds of ways of getting to the same endpoint getting from a normal cell to a cancer cell,” He added.

But Dewey isn’t alone in feeling some impatience with the pace of research, in fact some experts agree that his plan may help overturn the bureaucratic process of funding projects.

Stan Cohen, a medical ethics teacher at Nova Southeastern University in Fort Lauderdale, Fla., said,

“Offering a financial incentive might help.”
“There’s nothing wrong with giving people rewards like that, in my opinion,”

Also on board is Australian businessman and investor Toby Davidson, who has pledged $1 million to the foundations as well as providing an undisclosed amount of “working capital” to the foundation. Davidson said he hopes to be writing a check for $1 million one day.

“That’s the whole point,” he said. “Hopefully sooner rather than later.”

Finding the cure for breast cancer is just one venture which the Dewey foundation has in mind, Dewey says the foundation are also offering other “Victory Project Awards” worth $1 billion each to anyone who cures diabetes, reduces greenhouse emissions from petroleum-powered automobiles by 95 percent, or creates a car capable of getting 150 miles per gallon.

Dewey is now in process of assembling a panel of experts who can judge whether or a not a solution has been achieved. If no cure is found within 30 years, the foundation will distribute any money raised to traditional charities.

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