- Associated Press - Wednesday, May 21, 2014

ALBANY, N.Y. (AP) - A California cell biologist has received one of the richest prizes in medical and scientific research during a ceremony in upstate New York.

Alexander Varshavsky received the $500,000 Albany Medical Center Prize in Medicine and Biomedical Research at a ceremony at the Hilton Garden Inn Albany Medical Center on Wednesday.

The medical center announced last month that its prestigious prize was being awarded to Varshavsky, a professor at the California Institute of Technology.

His discoveries related to cell biology have led to new treatments for blood cancer and other diseases such as Alzheimer’s and Parkinson’s.

The Albany Medical Center Prize 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.

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