Dec 15, 2005-- Of the more than 100 billion dollars spent each year on health research and development, only ten percent goes into treating ninety percent of the world's health problems, found mostly in the developing world. Dr. Victoria Hale saw that part of the reason was that the pharmaceutical industry had traded its aim of developing affordable drugs to those in need, to a profit-seeking one. So, she founded OneWorld Health, the world's first nonprofit pharmaceutical company, with the mission to research, test, manufacture, and distribute effective and inexpensive medicines for people with infectious diseases in developing countries. (2822 reads)
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