CDC HIV/AIDS/Viral Hepatitis/STD/TB Prevention News UpdateJAPAN: Japanese Drugmakers Open 'libraries' in $127m Health Project
May 31, 2013
The Straits Times (Singapore) (05.31.2013)
Five Japanese pharmaceutical companies will open their experimental compounds "libraries" to scientists to investigate new TB and malaria treatments as well as treatments for other diseases affecting the world's poor. On May 30, the companies announced an initiative to fund neglected tropical diseases research as the first project under a new US$100 million partnership among the pharmaceutical companies, the Bill & Melinda Gates Foundation, and the Japanese government. Japanese drug firms have been slower than their Western counterparts in developing medicines for poor countries and investing in emerging markets. However, this new venture marks a change as drug companies such as Takeda Pharmaceutical and Daiichi Sankyo have made important acquisitions in emerging markets in recent years.