President Joe Biden is set to announce $150 million in federal funding for research into tumor-removal technologies during a visit to New Orleans.

This funding is part of the Precision Surgical Interventions (PSI) program, which aims to innovate surgical techniques to improve cancer detection and enhance the effectiveness of tumor removal.

The Advanced Research Projects Agency for Health (ARPA-H) will distribute this funding to eight research institutions across the U.S.

Award recipients include prestigious institutions such as Dartmouth College, Johns Hopkins University, and the University of Washington, among others.

The eight institutions receiving funding are Dartmouth College, Johns Hopkins University, Rice University, Tulane University, UCSF, University of Illinois Urbana-Champaign, University of Washington, and Cision Vision in Mountain View, CA.

The new investment will focus on developing next-generation microscopes and imaging technology to enhance the effectiveness of cancer surgeries, ultimately saving and extending lives.

Tulane University will receive up to $22.9 million to develop an imaging system using structured illumination microscopy and AI algorithms for cancer cell identification.

Dartmouth College is developing an imaging solution for prostate cancer surgeries, with a total award of up to $31.3 million.

Johns Hopkins University is working on a non-contact photoacoustic endoscope and a multi-cancer fluorescent contrast agent, receiving a total award of $20.9 million.

This initiative is part of President Biden's broader 'Cancer Moonshot' program, which aims to cut the cancer death rate in the U.S. by at least half by 2047.

Since its revival in 2022, the Cancer Moonshot has been allocated $4 billion by Congress and has awarded $400 million to external entities to advance cancer prevention, detection, and treatment.