$200 Million From Gates to Fund Research
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From Times Wire Reports
Software billionaire Bill Gates’ foundation will spend $200 million to fund medical research targeted at diseases most prevalent in poor countries.
The grants, announced by Gates at the World Economic Forum in Davos, Switzerland, are meant to draw attention and brainpower to diseases such as malaria, tuberculosis, bacterial meningitis and childhood diarrheal illness.
“It’s just a basic fact that 90% of the world’s health research spending goes on 10% of the problems,” Gates said. “The mismatch, over time, has been a problem.”
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