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Combating Diseases Associated with Poverty
Widdus, Roy White, Katherine
Widdus, Roy
White, Katherine
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Abstract
"In the mid-1990s, some fundamentally different ventures began to emerge addressing the development of products for combating diseases associated with poverty. These have come to be known as public-private partnerships (PPPs) although some prefer other descriptive phrases. Collaboration on an ad hoc basis and around individual candidate projects had, however, occurred previously between public sector agencies and private sector pharmaceutical companies. What distinguishes these new ventures is that they take as their starting point not a (‘favourite’) specific candidate product, but a survey of the field and then promote the parallel development of a range of different candidate products (a ‘portfolio’). Management of a portfolio, borrowed from the pharmaceutical and venture capital fields, is designed to manage the risk of failure accompanying any individual project. Prior to the mid-1990s, no public-interest venture engaged in product development had articulated ‘portfolio management’ as a conscious strategy. Some of the product development ventures considered at the 15–16 April 2004 meeting convened by the Initiative on Public-Private Partnerships for Health (IPPPH) in London have, as yet, only small portfolios. However, the older ventures have at least five to six years of operational experience and sizeable portfolios, some over 25 projects. The emergence of these new ventures was initially fostered by the Rockefeller Foundation and subsequently, around the turn of the millennium, by substantial funding from the Bill & Melinda Gates Foundation. Their number is presently approaching 20. More new ventures to address currently unmet needs (for example, for control of noncommunicable diseases) may possibly emerge."(pg ix)
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Conference proceedings
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2004-11
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2940286213
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With permission of the license/copyright holder