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GHIT Fund celebrates historic beginning of Japanese R&D initiative in global health
Date:6/19/2013

YOKOHAMA, Japan Leading Japanese pharmaceutical companies, along with the Japanese government and the Bill & Melinda Gates Foundation, pledged their commitment to bolster Japan's contribution to global health through the Global Health Innovative Technology Fund (GHIT Fund), at a press conference held as a side event to the fifth Tokyo International Conference on African Development (TICAD V).

Representatives from each of the partners including the Ministry of Health, Labour and Welfare, the Ministry of Foreign Affairs, the Bill & Melinda Gates Foundation, and five Japanese pharmaceutical companies (Astellas Pharma Inc.; Daiichi Sankyo Co., Ltd.; Eisai Co., Ltd.; Shionogi & Co., Ltd.; and Takeda Pharmaceutical Company Limited) engaged in a discussion about the importance of advancing new healthcare technologies for developing nations, and the social impact that the GHIT Fund would have on global healthcare.

"The GHIT Fund is an exciting enterprise with enormous potential to speed up creation of a pipeline of medical health technologies and tools for Africa and much of the developing world," said Dr. BT Slingsby, Executive Director and CEO of the GHIT Fund, who opened the event.

The GHIT Fund aims to utilize the highly developed science and technology capacity found at the country's pharmaceutical companies, universities and research institutions. In providing grants for promising research, the Fund will help bridge the gap between basic research and clinical studies, allowing for unprecedented medicines, vaccines, and diagnostics.

"Innovation has become a key concept for growth and development. We believe the pharmaceutical companies and the academia in Japan have the potential to make the contributions in global health by innovating new technologies to secure access to new medicines for people in developing countries," said Dr. Kazushi Yamauchi, from the Ministry of Health, Labour and Welfare.

As panelists discuss
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Contact: Emily Koh
kohe@cosmopr.co.jp
81-355-612-915
Burness Communications
Source:Eurekalert

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