The Murdoch Children's Research Institute unveiled the new campaign at the American Australian Association benefit dinner

More than 500 guests packed Cipriani Wall Street's American Australian Association Annual Benefit Dinner on Wednesday night where Sarah Murdoch announced a new program on behalf of the Murdoch Children's Research Institute (MCRI).

The annual dinner celebrates the vision of media icon Rupert Murdoch's father and Lachlan Murdoch's grandfather, Sir Keith Murdoch, who founded the American Australian Association to develop, expand and strengthen the relationship between the two nations in 1948. The organization has long been supported by FOX. and its sister company, News Corp.

Sarah Murdoch, Lachlan's wife, announced a new collaboration between Australian and US health researchers based at the Murdoch Children's Research Institute in Melbourne, and the Gladstone Institutes in San Francisco aimed at encouraging and supporting researchers to develop and share new technologies and acceleration strategies. life-saving treatments for children affected by heart disease. Professor Enzo Porrello, MCRI of Stem Cell Medicine, said the program “will make a real difference to children and their families.”

“I am proud to be part of my family's long association with the Murdoch Children's Research Institute, named in honor of Dame Elisabeth Murdoch,” said Sarah Murdoch.

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“Enzo and his team pioneered the field when in 2017 they created the most complex 3D miniaturized models of human heart tissue in the world,” he continued. “They are now able to reliably and productively simulate the human heart in a container to perform successful experiments at a scale previously unimagined.”

The special night raised $1.8 million for AAA scholarship programs that support Americans and Australians to study in their home countries respectively.

During the event, AAA marked the success of its scholarship and exchange program, which has awarded more than $17 million to more than 1,100 Graduates, Indigenous Veterans and Scholars. Proceeds raised from the dinner will support the next generation of American and Australian leaders who have the creativity to build research capacity, develop solutions to pressing global problems, and continue to foster sustainable international collaboration.

Morgan Stanley Executive Chairman James P. Gorman AO received a Lifetime Achievement Award in recognition of his distinguished career and outstanding leadership at one of the world's largest and most respected banking institutions.

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Sarah Murdoch spoke at the American Australian Association's Annual Benefit Dinner. (Fox News)

The event also honored Yvette Ostolaza, Chair of the Management Committee and Member of the Executive Committee at Sidley Austin, for her outstanding leadership in the global law firm.

Australian country music star Keith Urban wrapped up the annual event with a memorial performance.

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