BIO’s global health venture

The Biotechnology Industry Organization and the Gates Foundation are slated to announce on Monday the creation of a not-for-profit organization dedicated to facilitating the development and distribution of biotech products to treat diseases in the developing world.

BIO Ventures for Global Health (BVGH) will serve as an intermediary between donors - including philanthropic foundations and national governments - and biotech companies, according to Executive Director Wendy Taylor. ...