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Bill Gates taking on diseases

fistfullofsteel

Well-known member
http://money.excite.com/jsp/nw/nwdt...=704&news_id=dji-00038920050516&date=20050516


Monday May 16, 12:54 PM EDT

GENEVA (AP)--Bill Gates said he is using the same strategy that succeeded in building Microsoft Corp. to tackle his latest challenge -fighting AIDS, malaria and other deadly diseases around the world.

The featured speaker at the World Health Organization's annual assembly, Gates told the 192-nation body he was adding another $250 million -for a total of $450 million -to one of his projects: getting "the world's top scientific minds to take on the world's deadliest diseases."

Gates told The Associated Press that using great minds was part of the approach he has used in building Microsoft.

"The idea of hiring very smart people and getting them to take on very optimistic goals and finding partners and believing in science -that's very similar to the work I do at Microsoft," he said.

"Of course, it's different, but a lot of elements of what you need to bring together are very much the same. It's the same idea as creating things that are going to have to be extremely low cost, but that can benefit millions and millions of people."

The foundation Gates runs with his wife already has given more than $4 billion to efforts to combat disease. The new money is for a special project, Grand Challenges in Global Health, involving leading scientists.

Scientists from more than 80 countries sent in thousands of pages of ideas, he said. Ideas included vaccines that don't need refrigeration, easy-to-use devices to detect life-threatening fevers and drugs that attack diseases hiding from the immune system.

"We were so taken with the response that we increased our commitment to this research," Gates told the assembly.

Dow Jones Newswires
05-16-05 1254ET


Go Bill Gates. Show them how it is done.
 
I think its great he's putting his money to great use. I know he donates a lot of his money but the next generations under the Gates family are set forever... Glad to see him putting it to use.
 
Gates is not willing all his funds to his heirs. I am sure they will be set up nicely, but dude and his wife are true philanthropist. expect his kids to pave their own way rather than being lazy bastards living off of Daddy's or Mommy's Money...


Like those Gotti boys....LOLOL
 
fistfullofsteel said:
Scientists from more than 80 countries sent in thousands of pages of ideas, he said. Ideas included vaccines that don't need refrigeration, easy-to-use devices to detect life-threatening fevers and drugs that attack diseases hiding from the immune system.

This is the same guy who missed the internet.

Nice gesture, but $250 million will be pocket change. Plus this idea of "throw money at it and we'll find the cure" is no guarantee. In fact, it's silly. If it was plausible, the US government would throw $250 million in a heartbeat if it mean new cures that could cut the costs of healthcare by billions over the next 10 years.

If you really want to find cures -- get more young people into the medical field, improve the flow of global communication, press for tax incentives for medical R&D by private firms, get new drugs passed quicker, and encourage more co-operation among competing medical companies, with agreements on profit-sharing once advances are made.

Unless, this is what he's doing -- and this article just "dumbed it down" for the average reader.

Either way, his heart's in the right place -- but i don't know if it'll amount to anything in the long run.

I'm always wary when i read the words "Pledging" with nothing more detailed provided after that.
 
Good to see he's not greedy.
 
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