ARTICLE | Finance
Gates adds bandwidth
Gates Foundation to expand biotech investing from $1B initiative
July 16, 2012 7:00 AM UTC
The Bill & Melinda Gates Foundation is planning to expand its funding of biotech companies through its $1 billion investment arm, the Program-Related Investments (PRI) initiative.
PRI is focused on technologies to lower the cost and improve the quality of global healthcare. Companies receiving PRI funding typically agree to make a low-cost product that addresses the needs of poor people in developing countries...