NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, March 22, 2005

Earlier this year I entered for the first time a favela (slum) in Brazil, and I have to say I was really moved,’ pharmaceutical chief Daniel Vasella, a co-chairman of the Forum’s 2005 annual meeting, said. Vasella – who heads Novartis, the Swiss-based pharmaceutical giant that has enjoyed eight consecutive years of record multi-billion dollar earnings – opted to argue the case for ’the three billion people who still live on less than $2 a day.
Full article available here.