WASHINGTON, DC, April 14, 2009 — The X PRIZE Foundation, a nonprofit organization that drives innovation through large incentive competitions, in collaboration with the WellPoint Foundation, one of the nation's largest private foundations, and WellPoint, Inc. (NYSE: WLP), the nation's largest health benefits company in terms of medical membership, announced today the initial competition design for a $10M+ Healthcare X PRIZE.
THE X PRIZE FOUNDATION
The X PRIZE Foundation, an educational nonprofit prize institute dedicated to fostering radical breakthroughs for the benefit of humanity, today announced the appointment of Patrick Soon-Shiong, M.D., as Chairman of its Life Sciences Prize Group Steering Committee (GSC). Under Dr. Soon-Shiong's direction, the GSC will steer the direction of future Life Science related X PRIZEs to ensure that they address the audacious grand challenges where market failures currently exist. The Life Sciences GSC will address such subjects as healthcare, genomics, proteonomics, bionics/human augmentation, rapid disease detection, disease prevention, human longevity and artificial intelligence in medical diagnosis.