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Turning Vision Into Reality

Posted by: BIO Ventures for Global Health on 5/3/2010
“For far too many people around the world, the quality and length of their lives is determined by an act of fate,” said Melinda Moree, BIO Ventures for Global Health CEO, at the opening of the Partnering for Global Health Forum this morning. “We must come together in concrete, productive, and especially happy partnerships, in order to connect people and ideas to save lives.”
 
Perseverance in research and development for neglected tropical diseases was a theme of the opening session of the Forum, with keynote speaker Dr. Regina Rabinovich, Director, Infectious Diseases, Global Health Program, Bill & Melinda Gates Foundation, heralding the recent development of partnerships in the global health field as a key part of the solution to bridging the gap from basic research to impact.

“Innovation is critical, and everyone has the potential to invent something,” said Rabinovich. “Capital from philanthropy alone will not solve the global health crisis.”

She pointed to the results of the case studies by BIO Ventures for Global Health as evidence that fundamental reliance on innovation and partnerships is a key building block for global health and an absolute requirement for a long-term vision.

“I have a vision of a little girl who has grown up without fear of dying of childhood illness, holding her immunization card for malaria, tuberculosis, and other diseases in hand,” said Rabinovich. “Where she is from does not matter. The Partnering for Global Health Forum has much to offer to make that vision a reality.”

Also at the breakfast session, James C. Greenwood, President and CEO of BIO, released a formal BIO policy statement on options to improving access to medicines in the developing world, representing the first time that BIO as an industry has come together to identify viable options that companies should consider as they develop and market their products worldwide.

“Hundreds of millions of fellow residents on our planet lack access to basic health care and access to medicines. More can, and should, be done,” Greenwood said.

“There are undeniable positive signs of progress in the global health care arena,” added Dr. Fabrizio Bonanni, Executive Vice President, Operations, Amgen, and Chair of the BIO Board’s Standing Committee on Intellectual Property. “But while increased global attention on the importance of treating neglected diseases is working, so much more needs to be done.”

We agree. Stay tuned for more from the Forum!
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by simon on The Most Important Hire in Global Health
"I'd like to comment on the fact that the term "cost-effective" vaccines is not meaningful, since cost-effectiveness always depends on the Willigness to Pay of a given coutnry (which WHO recommends to be 1-3xGDP per capita). E.g. while in UK a medicines/vaccine that has incremental cost-effectiveness ratio of 43,000-130,000 USD/QALY will be considered "cost-effective", it will not be the case in India where the threshold is 1-3xGDP=1,000-3,000 USD/QALY. It means that the same vaccine would need to be 43x cheaper in India than in UK to be cost-effective. I believe that the future of developing countries will depend on their ability to develop vaccines locally and sell them at local prices. I am currently involved in a research project in India which aims at understanding the challenges of entrepreneurship and its role in affordable healthcare in the future. Best regards " Read more »

by Mark H on Trademark of Innovation
"Often the pharmaceutical companies are seen as evil because they do not do enough to help the poor by giving away medicines or licence rights. But we must consider two things: 1 they are commecial companies and have legal obligations towards their shareholders i.e. their prime concern is making money 2 these companies invest a vastly greater amount of money in R&D than the government. As a result their R&D occasionally finds cures inadvertently for other diseases - even if they are not actively trying to create the right medicine. So how do you create an incentive for the most effective creator of new innovative cures whose primary goal is to make money (like all companies)? Well the answer seems obvious - reward them with tax benefits that would help push them above their competitors. Whilst you could argue that this would prevent the government from reaping the benefits (tax) you could also say that the competition created would drive innovation and spending in the private sector which would improve the economy. A win win win situation - pharmaceuticals, government, developing countries!" Read more »

by BIO Ventures for Global Health on Ready to Go
"Thanks so much for your interest, Trudy. We are not currently working with the Carter Center but we are interested in speaking with them to gain epidemiological information for our Global Health Primer, and so hope to be working together in the future. " Read more »

  

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