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    4 Helpful Tips for Giving Your Car a Glossy Finish

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    4 Common Mistakes To Avoid With Car Restorations

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    Signs That It Might Be Time To Get a New Car

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    Essential Gifts for Every Beekeeper: From Novices to Experts

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    Things To Consider Before Becoming a Landlord

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    How To Identify Untapped Markets as an Insurance Agent

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    What To Know When Starting Your Own Nail Salon

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    Mistakes To Avoid When Starting Your Online Store

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    How To Realistically Invest in Apartment Complexes

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      Reasons Why Hats Will Elevate and Improve Your Outfit

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      Essential Tips for Planning a Great Fashion Show

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      Make a Bold Style Statement With These Wide-Leg Pants

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      Power Your Winter Workouts With The Best Zip Hoodies for Men

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      The Ultimate Watch Buying Guide

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      Outdoor Enthusiasts, Take Note: These Watches Are as Tough as You

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      Our 7 Favorite Field Jackets for Tackling Fall Weather

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      The Best Leather Jackets for Guys – No Matter Your Budget

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        Classic Beer Styles You Should Know How to Brew

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        The Best Flour Alternatives That Work in Any Recipe

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        Cheese Tortellini in Creamy Marinara

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        Unusual Products That Come From Animals and Their Uses

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          Another GOP Primary Debate … Another Night of Verbal Clashes

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          Science Says Teens Need More Sleep. So Why Is It So Hard to Start School Later?

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          Start Shopping: Enrollment Begins Nov. 1 for Most Obamacare Insurance Plans

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          Why Is Finding Covid Shots for Young Children Still So Hard?

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          For People With Sickle Cell Disease, ERs Can Mean Life-Threatening Waits

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          Mothers of Color Can’t See if Providers Have a History of Mistreatment. Why Not?

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          Social Security Overpayments Draw Scrutiny and Outrage From Members of Congress

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          Florida Gov. Ron DeSantis Injects Presidential Politics Into the Covid Vaccine Debate

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            What To Know Before Popping the Big Question

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            The Benefits of Visiting a Multicultural City

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            Common Dog Owner Mistakes and How To Avoid Them

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            3 Reasons To Give an Antique or Vintage Engagement Ring

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              Defense contractors spent $70 million lobbying ahead of annual defense budget bill

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              ByteDance sets new lobbying record amid scrutiny of TikTok’s China ties

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              Campaign Legal Center and OpenSecrets sue the FEC for delayed response to transparency rulemaking petition

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              Incumbent politicians enjoy record reelection in an aging Congress

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              Kentucky governor’s race on track for new fundraising record

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              Ante up: $8 million casino referendum in Virginia breaks state record

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              OpenSecrets Partners with Browser Extension Consciously to bring Political Giving Alerts to Online Shopping Experience

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              Primaries underway for America’s third-largest party with grassroots and self-funded candidates

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                Things To Consider Before Investing in Real Estate Overseas

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                Incredible Areas in Florida To Buy a Vacation Home

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                Helpful Home Staging Tips for Virtual Tours

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                  What To Consider Before Repainting Your Classic Car

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                  4 Helpful Tips for Giving Your Car a Glossy Finish

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                  Essential Gifts for Every Beekeeper: From Novices to Experts

                  Essential Gifts for Every Beekeeper: From Novices to Experts

                  Ways Social Media Can Help Your Business Grow

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                  Things To Consider Before Becoming a Landlord

                  Things To Consider Before Becoming a Landlord

                  How To Identify Untapped Markets as an Insurance Agent

                  How To Identify Untapped Markets as an Insurance Agent

                  What To Know When Starting Your Own Nail Salon

                  What To Know When Starting Your Own Nail Salon

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                  Your Ultimate Guide to the Best Remote Work Destinations Worldwide

                  Mistakes To Avoid When Starting Your Online Store

                  Mistakes To Avoid When Starting Your Online Store

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                  Ways To Reduce Safety Hazards in the Office

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                  How To Realistically Invest in Apartment Complexes

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                    Reasons Why Hats Will Elevate and Improve Your Outfit

                    Essential Tips for Planning a Great Fashion Show

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                    Signs That Your Tuxedo Doesn’t Fit Right

                    Signs That Your Tuxedo Doesn’t Fit Right

                    Make a Bold Style Statement With These Wide-Leg Pants

                    Make a Bold Style Statement With These Wide-Leg Pants

                    Power Your Winter Workouts With The Best Zip Hoodies for Men

                    Power Your Winter Workouts With The Best Zip Hoodies for Men

                    The Ultimate Watch Buying Guide

                    The Ultimate Watch Buying Guide

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                    Outdoor Enthusiasts, Take Note: These Watches Are as Tough as You

                    Our 7 Favorite Field Jackets for Tackling Fall Weather

                    Our 7 Favorite Field Jackets for Tackling Fall Weather

                    The Best Leather Jackets for Guys – No Matter Your Budget

                    The Best Leather Jackets for Guys – No Matter Your Budget

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                      Energizing Foods and Drinks To Consume Before a Workout

                      Energizing Foods and Drinks To Consume Before a Workout

                      Classic Beer Styles You Should Know How to Brew

                      Classic Beer Styles You Should Know How to Brew

                      The Best Flour Alternatives That Work in Any Recipe

                      The Best Flour Alternatives That Work in Any Recipe

                      Cheese Tortellini in Creamy Marinara

                      Cheese Tortellini in Creamy Marinara

                      Unusual Products That Come From Animals and Their Uses

                      Unusual Products That Come From Animals and Their Uses

                      Tips for Creating a Homemade Wine Cellar

                      Tips for Creating a Homemade Wine Cellar

                      How the wine you choose can help you have an eco-friendly home

                      How the Wine You Choose Can Help You have an Eco-Friendly Home

                      Rum and Cola Holiday Ham

                      Special Centerpieces for Holiday Celebrations

                      ChefsGiving 2020

                      This Holiday Season, How about Cooking for a Cause?

                      Trending Tags

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                        Another GOP Primary Debate … Another Night of Verbal Clashes

                        Another GOP Primary Debate … Another Night of Verbal Clashes

                        Science Says Teens Need More Sleep. So Why Is It So Hard to Start School Later?

                        Science Says Teens Need More Sleep. So Why Is It So Hard to Start School Later?

                        Start Shopping: Enrollment Begins Nov. 1 for Most Obamacare Insurance Plans

                        Start Shopping: Enrollment Begins Nov. 1 for Most Obamacare Insurance Plans

                        Why Is Finding Covid Shots for Young Children Still So Hard?

                        Why Is Finding Covid Shots for Young Children Still So Hard?

                        For People With Sickle Cell Disease, ERs Can Mean Life-Threatening Waits

                        For People With Sickle Cell Disease, ERs Can Mean Life-Threatening Waits

                        Mothers of Color Can’t See if Providers Have a History of Mistreatment. Why Not?

                        Mothers of Color Can’t See if Providers Have a History of Mistreatment. Why Not?

                        Social Security Overpayments Draw Scrutiny and Outrage From Members of Congress

                        Social Security Overpayments Draw Scrutiny and Outrage From Members of Congress

                        As Younger Children Increasingly Die by Suicide, Better Tracking and Prevention Is Sought

                        Florida Gov. Ron DeSantis Injects Presidential Politics Into the Covid Vaccine Debate

                        Florida Gov. Ron DeSantis Injects Presidential Politics Into the Covid Vaccine Debate

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                          What To Know Before Popping the Big Question

                          What To Know Before Popping the Big Question

                          The Benefits of Visiting a Multicultural City

                          The Benefits of Visiting a Multicultural City

                          A woman working remotely

                          Your Ultimate Guide to the Best Remote Work Destinations Worldwide

                          Common Dog Owner Mistakes and How To Avoid Them

                          Common Dog Owner Mistakes and How To Avoid Them

                          3 Reasons To Give an Antique or Vintage Engagement Ring

                          3 Reasons To Give an Antique or Vintage Engagement Ring

                          Tim Ferris

                          Tim Ferriss’ Lifestyle Design: Unleashing Human Potential and Redefining Success

                          Outdoor Luxuries To Add to Your Backyard

                          Outdoor Luxuries To Add to Your Backyard

                          Strategy and business planning ideas. Chess gold on the board.

                          Why the Friend of My Enemy is My Enemy

                          Huge Money Mistakes New Parents Fall For

                          Huge Money Mistakes New Parents Fall For

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                            Defense contractors spent $70 million lobbying ahead of annual defense budget bill

                            Defense contractors spent $70 million lobbying ahead of annual defense budget bill

                            ByteDance sets new lobbying record amid scrutiny of TikTok’s China ties

                            ByteDance sets new lobbying record amid scrutiny of TikTok’s China ties

                            Virginia campaigns set fundraising records

                            Virginia campaigns set fundraising records

                            Campaign Legal Center and OpenSecrets sue the FEC for delayed response to transparency rulemaking petition

                            Campaign Legal Center and OpenSecrets sue the FEC for delayed response to transparency rulemaking petition

                            Incumbent politicians enjoy record reelection in an aging Congress

                            Incumbent politicians enjoy record reelection in an aging Congress

                            Kentucky governor’s race on track for new fundraising record

                            Kentucky governor’s race on track for new fundraising record

                            Ante up: $8 million casino referendum in Virginia breaks state record

                            Ante up: $8 million casino referendum in Virginia breaks state record

                            OpenSecrets Partners with Browser Extension Consciously to bring Political Giving Alerts to Online Shopping Experience

                            OpenSecrets Partners with Browser Extension Consciously to bring Political Giving Alerts to Online Shopping Experience

                            Primaries underway for America’s third-largest party with grassroots and self-funded candidates

                            Primaries underway for America’s third-largest party with grassroots and self-funded candidates

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                            • Real Estate
                              Transforming Urban Rooftops Into Sustainable Green Spaces

                              Transforming Urban Rooftops Into Sustainable Green Spaces

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                              How To Make Your Rental Property More Eco-Friendly

                              How To Make Your Rental Property More Eco-Friendly

                              Things To Consider Before Investing in Real Estate Overseas

                              Things To Consider Before Investing in Real Estate Overseas

                              Incredible Areas in Florida To Buy a Vacation Home

                              Incredible Areas in Florida To Buy a Vacation Home

                              Helpful Home Staging Tips for Virtual Tours

                              Helpful Home Staging Tips for Virtual Tours

                              Ways To Decorate and Design a Lake House

                              Ways To Decorate and Design a Lake House

                              Challenges To Managing a Rental Property

                              Challenges To Managing a Rental Property

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                              Michael Milken Wants to Speed Up Cures

                              by Staff Writer
                              May 15, 2023
                              in Health
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                              By Mark Kreidler

                              Years ago, a top chemical biologist pondered ditching his cancer research to take a more lucrative commission growing healthier apples. Michael Milken stopped him.

                              “I told him we could probably eat the same apples for the next 20 years and be OK, but we wouldn’t be OK if he didn’t continue his potential groundbreaking work,” Milken, 76, said. “Then we funded him.”

                              Driven by a family history of disease and his own experience with prostate cancer, Milken, the onetime junk-bond wizard whose spectacular downfall on securities charges led to a 22-month prison term in the 1990s, has spent the last three decades trying to advance medical science so that people “can find cures to life-threatening diseases within their own lifetimes.”

                              In “Faster Cures,” a book that is part memoir and part medical history, the financier-turned-philanthropist argues for applying business principles to foster quicker medical breakthroughs: more collaboration and information-sharing among researchers, a more streamlined path through government regulations, and more public and private funding to keep the best and brightest working in the field. The book was written with Geoffrey Evans Moore, a longtime associate of Milken’s.

                              Milken, whose net worth is estimated at $6 billion, has donated $1.2 billion to medical research and public health causes and raised another $1 billion for them from donors, according to a spokesperson. Much of that money is distributed through the Santa Monica-based Milken Institute, which funds organizations around the world that support research and education.

                              This interview has been edited for length and clarity.

                              Q: Was it difficult to write about your father’s death from cancer and your own diagnosis of advanced prostate cancer in 1993, which was thought at the time to be terminal?

                              Life-threatening diseases are not separated by wealth or anything else. One in 2 men are going to get diagnosed with cancer in their lifetime; for women, it’s 1 in 3. In the hospital room or in surgery, we’re all equal. That’s why I wanted to personalize it because my family is no different. In the 1970s, science could not move fast enough to save my father’s life.

                              Q: Is the U.S. too slow in reaching cures?

                              A train today in Europe or Asia can travel at 200 miles an hour, but the average train in the U.S. travels at the same speed as 100 years ago because you can’t put faster trains on tracks that aren’t more modern. Science is this train that’s moving fast, but the tracks are 20th-century tracks. As science moves quickly — sequencing your genome and your microbiome, for example — many of the ways we deal with our health system still relate to what it was in the 1900s, not in this century.

                              Q: What are those outdated practices?

                              One is collaboration. Thirty years ago, after my diagnosis, I attended a prostate cancer conference at MD Anderson Cancer Center in Houston, and I noticed that no one from Memorial Sloan Kettering [in New York City] was presenting, and they were the other recognized top experts in the field. When I asked why, I was told by MD Anderson’s people that they felt Sloan Kettering was a competitor. I said, “They’re not a competitor to patients.” We’ve done a huge amount of work in that area to get researchers and scientists sharing information and working together.

                              Q: Are cancer patients getting into clinical trials at earlier stages?

                              Yes, but there’s another element here relating to health equity. The demographics of America have changed considerably. Sixty years ago, 75% of everyone living in the U.S. who was not born here came from Europe. Today, more than 70% of everybody living here who wasn’t born here came from Latin America or Asia, but our clinical trials are still largely Caucasian. We’re not including people who will someday make up the majority of people in this country.

                              Q: You also spend a lot of time writing about prevention, especially as it pertains to diet. Why?

                              If you went to medical school in China 30 or 40 years ago, you wouldn’t have even studied diabetes because it was so rare there. Today, because of changes in the food chain and what they’re eating — meat-based and fat-based diets — China has the most people with diabetes of any country in the world. That’s what thousands of McDonald’s and KFC and other franchises will do. We also know that eating certain foods can slow the growth of certain kinds of cancers, or that changing your diet can accelerate the growth. The CEO of one of the largest medical research companies in the world told me, “The next great drug is going to be prevention.”

                              Q: But isn’t the medical industry oriented toward selling treatment and not prevention?

                              When we proposed the idea to the medical community in the ’90s that you are what you eat, they said, “Prove it.” And we didn’t sequence the genome until 2003, so prior to that the evidence was mostly anecdotal, but there was plenty of it. The notion is mainstream today, but teaching doctors that nutrition makes a difference is still a minor, minor part of medical school. It should be at the forefront. We often refer to the produce section of the grocery store as the pharmacy of the 21st century.

                              Q: Your financial theories revolved around finding lower-graded bonds that produced great returns — essentially, identifying an undervalued segment of the market. Is there an undervalued equivalent in medicine or science?

                              It’s about the democratization of capital. In medicine and science, access to financial capital serves as a multiplier effect, but the largest asset is human capital. I’ve spent considerable time trying to identify the future Ted Turners or [telecommunications giant] John Malones of the world of medicine, then convincing them to go into research and funding them.

                              Q: How do you provide financing to the most talented people in the field?

                              That includes private and public funding. In 1998, we organized a march on Washington, and a few months later President Clinton signed into law a massive increase in the NIH [National Institutes of Health] budget. Since then, there’s been an incremental half a trillion dollars invested into the NIH, and that has made all the difference for so many organizations working on specific diseases or types of cancer.

                              Q: Why do you fund medical research?

                              My interest in medicine and science started when I was 8 years old. It accelerated in the ’70s when my wife’s mother was diagnosed with breast cancer and my father’s melanoma returned. That began a search for medical solutions that I brought into my existing philanthropy in 1982. Who a person is and what they believe in — there has always been a lot of misinformation out there, and it’s only going to get worse with artificial intelligence chat. It’s not just related to me. But I think the thousands of companies that we financed, and the millions of jobs created, are evidence that the ideas I put forth are today in the mainstream. All of the facts are there for one to see.

                              KFF Health News is a national newsroom that produces in-depth journalism about health issues and is one of the core operating programs at KFF—an independent source of health policy research, polling, and journalism. Learn more about KFF.

                              USE OUR CONTENT

                              This story can be republished for free (details).

                              source

                              Tags: HealthcareHealthy LivingPublic Health
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