Tapping New Sources to Raise Funds on Healthcare Research
Thursday, September 3, 2015
But new investment avenues are being opened to LMICs with the arrival ofnew concepts on how to source money for healthcare research to make healthcare more accessible, which were presented at the Global Forum on Research and Innovation for Health held in Manila (24-27 August).
“Whoever, wherever you are, you need healthcare. Healthcare is a basic human right,” said Maoi Arroyo, founder of the Philippine biotech group Hybridigm Consulting, during a session on increasing public expenditure on health research and innovation in emerging economies.
The main obstacle to LMICs investing in healthcare is that the national government itself has to shell out the money, which is coupled with the high risk associated with healthcare innovations, products and processes, noted Arroyo.