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Sunday, January 26, 2003

The Bill & Melinda Gates Foundation has announced a $200 million grant to establish the Grand Challenges in Global Health initiative, a major new effort and partnership with the National Institutes of Health (NIH). The initiative will identify critical scientific challenges in global health and increase research on diseases that cause millions of deaths in the developing world.

Today only 10% of medical research is devoted to the diseases that cause 90% of the health burden in the world, according to the Global Forum on Health Research.

"There is great potential for science and technology to solve persistent global health challenges, but far greater resources are needed," said Bill Gates, co-founder of the Bill & Melinda Gates Foundation. "This initiative is about discovery and invention. It is about finding specific solutions to the hardest problems. By accelerating research to overcome scientific obstacles in AIDS, malaria, and other diseases, millions of lives could be saved."

Mr. Gates announced the initiative today at the World Economic Forum's 2003 Annual Meeting in Davos, Switzerland, where he participated in a panel discussion on "Science for the Global Good."