University Health Network (UHN) in Toronto, Canada, has received $25m in funding from The Sprott Foundation to support the hospital's Department of Surgery.
The funding will be used to develop new surgical technology including advanced robotics, image-guided therapeutics and organ repair and regeneration technology.
UHN surgeon-in-chief Shaf Keshavjee said the Sprott Foundation's investment will build on UHN's history of surgical world firsts and create a one-of-a-kind centre for surgical innovation.
"People come here from across the country and around the world to undergo life-saving procedures not available elsewhere," Keshavjee added.
"The Sprott Foundation's investment in our department will ensure that we can continue to offer exceptional care while staying on the leading-edge of innovation and defining the future of surgery."
The funding will also support the creation of a Transplant Organ Repair and Regeneration Centre (TORRC).
Designed to meet the shortage of suitable donor organs in Ontario, the centre will improve on the Keshavjee-developed Toronto XVIVO Lung Perfusion System, which assesses, treats and repairs injured donor lungs outside the body using gene therapy.
The Sprott Foundation and Sprott Asset Management founder Eric Sprott said surgeons at UHN helped discover insulin as a treatment for diabetes and performed the world's first successful single- and double-lung transplants.
"These innovations have saved the lives of millions of patients around the world, and we are proud to partner with UHN to fuel the next world-changing discovery," Sprott added.
UHN is a research hospital affiliated with the University of Toronto and includes Toronto General, Toronto Western, Princess Margaret Hospitals, and Toronto Rehabilitation Institute.
The Department of Surgery, which covers Toronto General, Toronto Western and Princess Margaret Hospitals surgical programmes, performs 25,000 procedures every year.
Image: The Sprott Foundation's $25m funding will help University Health Network's Department of Surgery to develop new surgical technology. Photo: University Health Network.