Crosses For Losses

Eric Lofkofsky’s Contribution Towards Finding Better Cancer Therapies And Treatments

When Eric Lofkosfky left Groupon, he began building up the newly launched firm, Tempus. Tempus is a modern day cancer treatment facility that uses high-tech devices to diagnose and treat cancer. Tempus’ medical practitioners use real-time and customized data–based therapy machines to analyze each patient’s genetic makeup. They then use the results to determine the best molecular therapies for the particular cancer type ailing the candidate. The technology helps patients understand a patient’s tumor better to create a most suitable medication using massive amounts of statistical genomic data. The company separated itself from its parent company LightBank, which is also owned by Eric. Eric is currently serving as Tempus’ president and believes that the firm can develop next breakthrough in medicine world.

On July 18th, 2016, Eric wrote about how data collection and artificial intelligence propel the society forward in medicine. He explained the various ways that health care has reached milestones in developing new technology. In 2003, Tempus produced the first human genome with over 100 million dollars. After only 13 years they, processed the same procedure with only 5000 dollars. He estimates that in a few more years, it will be available for just a few hundred dollars. The system allows physicians to tailor the necessary treatments medicine rations for all cancers. Currently, Tempus has an employee capacity of 29, including the former director of products At HighGround, Hunter Lane and Lightbank’s former vice president, Ryan Fukushima.

Eric and his wife Liz are regular donors to the cancer research treatment movement through their organization Lofkosfky Family Foundation. In November 2016, they contributed 1 million dollars to the Robert Lurie Comprehensive Cancer Center of the Northwestern University. In October of the same year, they donated $500,000 to the development of immunotherapy gastric cancer at the Stanford University. They contributed 1.2 million dollars to cancer research at the University of Michigan. The New York Weill Cornell Medicine Foundation received $250,000 from the couple to treat breast cancer. Eric and his wife are members of The Giving Pledge and have a pledge to donate half of their wealth to philanthropy at the end of their lifetimes.

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