Gates Foundation billions change pharma landscape
I have about dozen blog posts that I am behind on due to traveling. My traveling will ease up in a couple weeks and hope to catch up then. There was an optimistic news release today about the impact of philanthropy on drug discovery for global health. Back in February at the NextBillion.net IPEG DC meeting I tried my best to stress that while there are many changes in global health, one of the most significant changes is the technological capacity in emerging economies and specifically that the ecosystem for R&D is growing rapidly. I personally believe there will be some trickle down effect from this growth and while I don’t quite agree entirely with the assessment below, it is worth noting. What is also worth noting on the pessimistic side is that the growth of the elite and middle classes in places like China and India may lead to more severe patent battles. Hopefully I can give more details later, in the meantime check out this story:
“April 17, 2007 – The billions of dollars thrown at global health problems by the Bill & Melinda Gates Foundation are changing the game in drug discovery, posing big challenges to the world’s top drugmakers, according to a report on Tuesday. Pharmaceutical information group IMS Health Inc. said the emergence of megabuck philanthropy was both a threat and a collaboration opportunity for manufacturers.” Full news story.