Nike Co-Founder, OHSU Raise $1B for Cancer Research

Phil Knight and Dr. Brian Druker joined forces to raise money for Oregon Health & Science University's Knight Cancer Institute.
5:03 | 06/25/15

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Transcript for Nike Co-Founder, OHSU Raise $1B for Cancer Research
We wanted to do this out here because so many -- I don't know of anybody who has not been touched by what we're about to discuss. It is a huge exclusive announcement that could revolutionize the fight against cancer. I had the privilege of sitting down earlier with Nike co-founder and chairman Phil knight and Dr. Brian druker, the director of organ health and science university's knight cancer statute who had some very, very good news to share with everyone. I don't think I've looked forward to seeing two people more than you right now. Thank you so much for being here. Great to be here. You and your wonderful wife penny pledged $500 million to your cancer institute with the stipulation that it also had to raise a matching 500 million. In two years' time it's been less than that, you are here. Just do it. We did it. Got the other $500 million for a total of a billion dollars to contribute to cancer. Did you hear that, people? A billion. $1 billion. It's a fabulous moment for ohsu, for people fighting cancer and for the state of Oregon and let me say this, for us to make this announcement on a program hosted by a person who so successfully fought cancer and became the symbol of hope for so many cancer victims it's really a special and almost poetic moment for me and we thank you. That means so much to me, Phil. I'm welling up because there are some people in the studio fighting cancer right now and when they hear this it means so much. What does this mean to you? First of all we're incredibly grateful to the knight family for inspiring this momentum, but now we can turn our full focus on attacking cancer as aggressively as it comes after us with this billion dollar investment. You and penny could put your money anywhere. Why is this so important to you and penny? Well I'm I met Dr. Druker ten years ago and made the first pledge seven years ago and was probably shortly after that three blocks from this building when I was at an advertising hall of fame dinner and a woman walked across the room and said your Dr. Druker saved my son's life. It was diagnosed as terminal cancer and by the time that dinner happened the child was in remission and leading an active life. You like results. You do. Absolutely. He's a champion. He hides it well with his mode modes modesty. I used to call it false modesty but it's truly remarkable. 40 new cancer research doctors up there and on the move and they're going to win. That's your new slogan too. We will win. You were saying, doctor, earlier this is kind of like being a triathlete. The first leg raising the money is complete but there are other legs left. So now we have to take the knowledge of what we know about cancer and use that to detect it earlier when it's more curable. When it's more easy to treat and save people from having to go through chemotherapy or radiation or other debilitating treatments that you know so well, robin. Setting the stage for moving from advanced cancer to early detection and ultimately to prevention. And what does this mean to you personally? How has this touched you? My wife was five years old when her mother died of breast cancer. I los moi father to leukemia and two years ago I lost a brother to prostate cancer. But every day I go to clinic and I have patients who were told they had months to live and because of the drug we develop ed for leukemia some of them are 15, 16 years out so I can see the impact we can make by attacking cancer at its very roots. We want to do that for everybody. Do you have a personal connection, as well, Phil. I think everybody has a connection to cancer. My father died of leukemia and a beloved aunt died of breast cancer so Carnes has touched everybody. It is one of those things, it does not discriminate. I cannot remember anyone say it hasn't touched them in some sort of way. Absolutely. So what do you want to do now. For me it's getting back to work. We want to go after cancer as aggressively as it cops after us. We will win. Yes. All right. Phil, Dr. Druker. Thank you very much. Once again, $1 billion being raised for the fight against cancer. Thank you. I love how everybody out here was watching, as well. I mean it has the potential, I mean you know -- has the potential to be a real game changer and I love how they said it's wonderful about early detection and how a lot has been focused on that but it's about prevention. It's about how we stop it at the very beginning and that is what they're going to do there and trying to bring about real change? Fantastic. Such a huge number. "B," billion. It is considered if not the -- one of the biggest single contributions in the fight against cancer. Historic. Historic. It is so thank you. Thank you, Phil, thank you, Dr. Druker.

This transcript has been automatically generated and may not be 100% accurate.

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