Partnering for Philanthropy Conference Launched to Unite Innovative Non-profit Research Organizations with Philanthropists an... ( Inaugural Meeting Planned f...)

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Partnering for Philanthropy Conference Launched to Unite Innovative Non-profit Research Organizations with Philanthropists and Industry

Date:6/17/2008

Inaugural Meeting Planned for June 2009 in New York City

WASHINGTON, NEW YORK, and SAN DIEGO, June 17 /PRNewswire/ -- DMS Data Systems, Demy-Colton Life Science Advisors, the EBD Group and FasterCures today announced plans to launch Partnering for Philanthropy, a new partnering meeting designed to promote funding of non-profit medical research and patient advocacy groups, and to facilitate partnering between those groups and biopharmaceutical companies. The inaugural meeting will be held in New York City in June 2009.

According to FasterCures, non-profit foundations are ideally positioned to make relatively high-risk, high-reward investments that could significantly move a field of research forward. However, the lack of independent, reliable data about non-profit disease research opportunities is a major barrier to encouraging significant support for such research and to improving the efficiency and productivity of the philanthropy.

The new Partnering for Philanthropy meeting is designed to leverage and expand the critical role philanthropic funders can play in stimulating research in under-resourced disease areas, and help bridge the widening "valley of death" in research funding between basic discovery and later-stage research.

"We believe there is a strong need to bridge the information gap separating philanthropy and non-profit medical research organizations if we are to accelerate medical solutions," said Greg Simon, President, FasterCures. "This meeting will help narrow this gap by infusing the medical research philanthropic process with the right information, the appropriate tools, and the networks to connect diverse groups."

"A well-recognized translational research gap also exists in the drug development path between the end of academic research funding and the beginning of typical biopharmaceutical drug development programs," stated Rick Franklin, Chairman of DMS Data Systems. "The new Partnering for Philanth
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Partnering for Philanthropy Conference Launched to Unite Innovative Non-profit Research Organizations with Philanthropists an...( Inaugural Meeting Planned f...)