How does the Ackman-Oxman Institute differ from conventional academic research laboratories?
Founder & CEO at Pershing Square Capital Management
Most traditional academic research centers measure progress through academic papers and basic science publications rather than clinical patient outcomes. We established the institute with commercial discipline, minimal administrative bureaucracy, and an explicit mandate to deliver actionable treatments rapidly. By seeding commercial biotechnology ventures around breakthrough molecules, devices, and therapies, the institute creates a self-funding economic model where commercial royalties are reinvested into continuous research.
This answer is part of a full interview with Bill Ackman, Founder & CEO at Pershing Square Capital Management.
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