Product Development Partnerships Applaud Japan’s First Public-Private Partnership to Spearhead Innovation in Global Health
Tuesday, April 9, 2013
As Product Development Partnerships (PDPs) dedicated to the discovery, development and delivery of new global health tools, we applaud the official launch of the Global Health Innovation and Technology Fund (GHIT Fund), which was announced today in Tokyo, Japan. This new public-private partnership of the Japanese Government, the Bill &Melinda Gates Foundation and a group of private pharmaceutical companies seeks to foster and harness Japanese innovation to address diseases that disproportionately affect low- and middle-income countries.
GHIT Fund complements Japan’s existing investments in critical global health interventions, and demonstrates the nation’s commitment to long-term solutions to develop tools urgently needed to address diseases that impact millions of people, mostly in developing countries. The need is indeed great: Every day, more than 2,000 children die from diarrheal diseases, 2,000 people—mostly children—lose their lives to malaria, and almost 800 women die from complications during pregnancy or childbirth. Further, nearly 7,000 people are newly infected with HIV, and 24,000 people become sick from tuberculosis each day. In addition, neglected tropical diseases (NTDs) exact a heavy toll on more than a billion of the world’s poorest people.
- Health Care