DENVER – Attorney General John Suthers announced today that The Children’s Hospital Foundation has been awarded $71,094 – Colorado’s portion of the Taxol Antitrust Litigation residual funds – to support the “Child Life Program,” at The Children’s Hospital Center for Cancer and Blood Disorders.
“The Children’s Hospital is a leader in providing healthcare to Colorado’s most vulnerable citizens,” said Suthers. “This grant will help restore hope in the lives of children and their families who are coping with the devastating disease of cancer.”
The Attorneys General of forty-nine states sued Bristol-Myers Squibb Company in The State of Colorado, et. al., v. Bristol-Myers Squibb Company, for alleged violations of antitrust laws in connection with Bristol-Myers’ efforts to delay the introduction of generic forms of the anti-cancer drug Taxol into the market.
As part of the settlement, the United States District Court for the District of Columbia ordered that certain residual funds from the settlement be used for a cy pres distribution to benefit cancer victims and their families.
The Children’s Hospital Foundation, the hospital’s fundraising arm, will receive $71,094 to assist with Children’s Cancer Center’s “Child Life Program.” The “Child Life Program” provides emotional and psychological counseling, support and educational training to cancer victims and their families.
“We are so grateful for the effort the Attorney General’s office has put into helping Children’s receive this funding,” said Steve Winesett, president and CEO of The Children’s Hospital Foundation. “The money will be instrumental in Children’s ability to help patients and their families through the trauma of cancer diagnosis and treatment.”
Founded in 1908, The Children’s Hospital is a private, not-for-profit pediatric health-care network dedicated 100 percent to caring for kids. It has been ranked one of the best children’s hospitals in America by U.S. News & World Report and Child Magazine. With more than 600 experienced experts representing pediatric specialties, and more than 2,900 full-time employees, Children’s is home to a number of nationally and internationally recognized medical programs. From medical breakthroughs to late-night fevers, Children’s provides complete pediatric care at its main campus and through a network that includes eleven Children’s Care Centers and more than 400 outreach clinics held in three states each year. For more information, visit the web site at www.thechildrenshospital.org