It has squeezed $120 million out of lemons nationwide, and now the Alex’s Lemonade Stand Foundation plans to squeeze important cancer insights out of Big Data.

The Bala Cynwyd charity has announced blueprints for a new bioinformatics lab and a double scoop of funding — to $150 million over five years — for pediatric cancer research and family services, according to a Philadelphia Business Journal report by John George.

“We are excited to be able to harness the power of Big Data and open the Alex’s Lemonade Stand Foundation Data Lab,” Co-Executive Director Jay Scott said in the article. “Currently, the childhood cancer research community does not have a non-affiliated center to objectively analyze existing science and look for patterns to share with scientists.

“This is a true privilege to be able to offer this resource to the community and ultimately advance the pace of finding cures. We anticipate this new model of improving research to be up and running in the next 12 to 18 months.”

The new Big Data lab is a major step for the foundation that started as a front-yard lemonade stand and a big dream from the small body of 4-year-old Alexandra “Alex” Scott. She was treated for neuroblastoma at the Children’s Hospital of Philadelphia until her death at age 8 in 2004.

Click here to read more about Alex’s Lemonade Stand’s new Big Data lab in the Philadelphia Business Journal.