Lisa Jarvis, in the May 19 Issue of Chemical and Engineering News, reports that the Bill and Melinda Gates Foundation (refer Microsoft) have committed to contribute $29 million over five years to the California Institute for Biomedical Research (Calibr). The objective of the private grant is to discover drugs for diseases that adversely affect the developing world. Calibr will focus on tuberculosis, infections from parasitic worms, diarrheal disease, and malaria.
Congratulations to Bill and Melinda Gates! This is the way medical research should be done; through private grants, and not through taxpayer money from various federal agencies.
You can be sure that Gates Foundation managers will be watching carefully how that money is spent, as opposed to federal programs which usually involve "dump the taxpayer money" and go on to other things.