Bill Gates Says Private Sector Can Profit From Public Health

Wednesday, January 10, 2018

The Bill & Melinda Gates Foundation wants corporations to join its efforts in advancing public health, not just because it’s the right thing to do — but because it can be lucrative too.

Bill Gates, co-founder of Microsoft Corp. and the second-richest person in the world, told private sector companies on Monday that he needs their help to solve pressing issues in global health. Drugmakers stand to benefit financially from joining the combined efforts, Gates said in prepared remarks at the J.P. Morgan Healthcare conference in San Francisco.

“Industry has the skills, experience and capacity necessary to turn discoveries into commercially viable products,” Gates said in his remarks. “And, frankly, the private sector has much to gain from pursuing breakthroughs in global health.”

Photo courtesy of Satish Krishnamurthy.

Source: Bloomberg Technology (link opens in a new window)

Health Care
public health, public-private partnerships