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GSK Announces 'Open Innovation' Strategy to Help Deliver New and Better Medicines for People Living in the World's Poorest Countries
Date:1/20/2010

PHILADELPHIA and LONDON, Jan. 20 /PRNewswire-FirstCall/ --

  • 'Open Lab' established with $8m seed funding for new research

  • 13,500 malaria compounds to be made freely available

  • New collaborations to share intellectual property for neglected tropical diseases

  • Pledge to create sustainable pricing model for world's most advanced malaria candidate vaccine

  • GSK African Malaria Partnership awards four new grants worth $2.5m

Andrew Witty, Chief Executive of GlaxoSmithKline (NYSE: GSK), today announced a series of new initiatives targeted at further transforming the company's approach to diseases that disproportionately affect the world's poorest countries.  His announcements build on commitments made in 2009 to work in partnership, expand access to medicines and encourage new research into neglected tropical diseases.

In a speech given at the Council on Foreign Relations in New York, Mr. Witty said: "Since I took over at GSK I have been focused on changing the business model for the company to improve performance. But equally important is the imperative to earn the trust of society, not just by meeting expectations but by exceeding them.

We want to be a company that is truly a partner in addressing the healthcare challenges in the world's poor
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SOURCE GlaxoSmithKline
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