hope. clinics like this could benefit a donation day Gates
DAVOS, SWITZERLAND -. In a huge boost to efforts to develop a vaccine against AIDS, Bill Gates announced at the World Economic Forum here on January 27 as the Bill and Melinda Gates Foundation will give $ 100 million to the International AIDS Vaccine initiative (IAVI). The grant 5 years turns the non-profit based in New York City on track to begin clinical trials of three of its most promising AIDS vaccine in 07.
With $ 21 billion of assets, the Bill and Melinda Gates Foundation gives away hundreds of millions of dollars annually for health and educational organizations. Preparing the ground for the big-time diving the foundation of vaccines against AIDS was a dinner party at the Gates mansion in 1998, assisted by the Chief IAVI Seth Berkley. Gates was seeking advice on how his foundation could significantly improve public health through contributions from big money. At the dinner, Mr. Gates asked Berkley, "Where is the money a limiting factor in stopping AIDS?"
Berkley had long argued that a vaccine is the best hope to stop AIDS . and after reading about vaccines against AIDS, Gates decided to support IAVI with a gift of $ 1.5 million in 1998 and another $ 25 million a year later. the new funds from the Gates Foundation will come in 20 million pieces each of the next five years is a challenge grant, which means that the foundation expects other organizations to help increase the IAVI $ 550 million needed to launch the three tests;. counting the silver Gates, IAVI $ 230 million. This puts the nonprofit in the big leagues HIV vaccines.
it is not clear how it will be to raise the rest. While Glaxo Wellcome helped IAVI, other pharmaceutical companies are taking a wait and see. Pfizer CEO Hank McKinnell said if IAVI comes through with an effective vaccine, Pfizer - which now does not work on a vaccine against AIDS -. Consider the production and sale of the vaccine
Related Sites
The Bill and Melinda Gates Foundation
The International Aids Vaccine Initiative
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