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Private Sector Can Help Improve Global Health, Profit From Innovation, Bill Gates Says In Conference Speech

Barron’s: Bill Gates: Big Pharma and Startups are Key to Gains in Global Health
“There has been enormous progress in addressing health problems in the developing world in the past 25 years and much more can be accomplished with greater involvement by major pharmaceutical companies and start-ups, Microsoft cofounder Bill Gates tells Barron’s…” (Bary, 1/8).

Bloomberg Technology: Bill Gates Says Private Sector Can Profit From Public Health
“…Bill Gates, co-founder of Microsoft Corp. and the second-richest person in the world, told private sector companies on Monday that he needs their help to solve pressing issues in global health. Drugmakers stand to benefit financially from joining the combined efforts, Gates said in prepared remarks at the J.P. Morgan Healthcare conference in San Francisco…” (Levingston, 1/8).

Devex: Bill Gates makes the business case for breakthroughs in global health
“…[Gates] outlined ambitious goals for global health, such as cutting the number of annual deaths of children under five down to 2.5 million in the next 15 years. And as he asked the private sector to join the Gates Foundation and its partners in this work, which is the key priority of the largest foundation in the world, he made the case not in terms of corporate social responsibility, but rather because it makes good business sense…” (Cheney, 1/9).

Forbes: Bill Gates Tells Healthcare’s Capitalists How To Save Five Million Kids
“… ‘It’s true that government-funded basic science research shines a light on promising pathways to health advances,’ Gates says. ‘Philanthropy can help nurture the best ideas through discovery and development and balance the risk-reward equation for private-sector partners. But industry has the skills, experience and capacity necessary to turn discoveries into commercially viable products.’ Global health, he says, needs the private sector…” (Herper, 1/8).

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Filling the need for trusted information on national health issues, the Kaiser Family Foundation is a nonprofit organization based in Menlo Park, California.