Calif. biologist awarded $500K NY medical prize

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Updated: 4/15/2014 5:24 pm

ALBANY, N.Y. (AP) — A California scientist whose discoveries related to cell biology have led to new treatments for blood cancer has been selected to receive one of the richest prizes in medical and scientific research.

Alexander Varshavsky of the California Institute of Technology in Pasadena will receive the $500,000 annual Albany Medical Center Prize in Medicine and Biomedical Research next month. Medical center officials say Tuesday that Varshavsky was chosen in recognition of the seminal discoveries he made on intracellular protein degradation.

The $500,000 award has been given annually since 2001 to those who have altered the course of medical research. It was established by the late Morris "Marty" Silverman, a New York City businessman.

Varshavsky will receive the award on May 21 at Albany Medical Center.

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