Net Present Value: Bill Gates donates $83M for TB vaccine

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Friday, February 20, 2004

Bill Gates donates $83M for TB vaccine

The richest man in the world is putting his money to good use. According to this Independent story:

Bill Gates, the world's richest man, is to donate $83m (£44m) to help scientists develop a new vaccine against tuberculosis, a disease that kills nearly two million people each year.

The grant from the Bill and Melinda Gates Foundation is the largest ever for the development of TB vaccines - doubling the amount currently spent on such research - and is designed to combat the growing threat posed by the lung disease in developing countries. Some 2 billion people - one in three of the global population - are infected with the TB bacterium although 90 per cent of them never get sick.

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