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Product Discovery & Development
BVGH offering $150M in prizes to create fever diagnostic for developing world
$150 million brass ring
Monday, October 10, 2011
While grants have been the main tool foundations use to
support drugs and diagnostics for the developing world, they can be an
inefficient use of capital. BIO
Ventures for Global Health believes its milestone-based prize for a
point-of-care diagnostic to determine the cause of a fever could give
foundations a bigger bang for the buck.
In June, BVGH announced plans
for its Global Health Innovation Quotient (IQ) Prize to develop a multiplex POC
diagnostic that would be able to distinguish between malaria and bacterial and
viral causes of fever, and could be easily used in the developing world.
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