In a ‘landmark’ legal case, the pharmaceutical giant firm GlaxoSmithKline (GSK) pled guilty this week to engaging in fraudulent, criminal behavior which included covering up adverse drug side-effects, promoting ineffective therapies and hiding unfavorable data — and will pay a record $3 billion in fines. Most news reports quoted GSK’s…
The Bill & Melinda Gates Foundation has again hired a leading pharmaceutical executive to run its biggest philanthropic mission, global health. I posted on the rumor yesterday, but today the Seattle philanthropy confirmed that it has hired Trevor Mundel, head of global development for Novartis based in Basel, Switzerland. Novartis…
Tachi Yamada, who recently retired from his position as director of global health at the Bill & Melinda Gates Foundation, has taken a new job with a Seattle venture capital firm, Frazier Healthcare Ventures. I’m not sure if this a trend, but that makes two out of three former Gates…
The Bill & Melinda Gates Foundation on Thursday announced the latest winners in one of its more interesting initiatives aimed at stimulating creative, novel solutions to problems in global health. The project is known as Grand Challenges Explorations and today the philanthropy announced 88 winners of $100,000 grants aimed at…
Dr. Tachi Yamada is leaving his position in June as head of the Gates Foundation’s global health program. That’s big news primarily because the Gates’ global health program is so big, the largest program at the world’s largest philanthropy, accounting for more than half of the $3 billion the Gates…
This press release below just came out. I’ll be talking to Tachi about it and will post something later today. Global Health President of the Bill & Melinda Gates Foundation to Leave in June Dr. Tachi Yamada inspired innovation and strategic focus in five years of service Seattle – The…
Ridding the world of disease not only saves lives. It also makes money. A new study published in the medical journal Vaccine estimates that eradicating polio within the next five years would create an estimated $40-50 billion in economic benefits — mostly in poor countries — by the year 2035.…