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Cancer center foundation emerges from bankruptcy

The Nevada Cancer Institute Foundation formally emerged from bankruptcy on Wednesday as the successor to the Nevada Cancer Institute.

The foundation, housed in the Engelstad Research Building in Summerlin, will concentrate on raising money for cancer research as well as meeting an obligation to the University of California, San Diego Health System, which bought both the main building and clinical practice out of bankruptcy. UCSD has retained the Nevada Cancer Institute name.

The foundation will also seek to find science-oriented tenants for the largely empty Engelstad building.

Eight former researchers at the cancer institute are now working for the Desert Research Institute, which has leased space in the Englestad building.

The foundation’s board of directors includes NV Energy CEO Michael Yackira, MGM Resorts International Chairman and CEO Jim Murren, and his wife and cancer institute co-founder, Heather Murren.

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