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Japanese Fund Moves Quickly to Invest in Promising Technology Against Malaria, Tuberculosis And Chagas Disease
Date:11/7/2013

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The sixth and final investment of approximately US$510,000 will fund an innovative drug discovery initiative between Eisai Co., Ltd. and the Broad Institute of MIT and Harvard for Chagas disease, a parasitic infection that afflicts poor communities in South and Central America. Currently there are no drugs against chronic Chagas infection, which affects an estimated 8 million people worldwide. Chronic infection causes cardiovascular disorders that often lead to death and the loss of quality of life. 

The GHIT Fund is a public-private partnership between five Japanese pharmaceutical companies (Astellas Pharma Inc.; Daiichi Sankyo Company, Limited; Shionogi & Co., Ltd.; Eisai and Takeda), two government ministries and the Bill & Melinda Gates Foundation, launched in April 2013 with a potential five-year commitment of over US$100 million. It is the first fund to involve a consortium of pharmaceutical companies, government and civil society working together to support research and development for neglected diseases. The combination of Japan's government and its pharmaceutical industry—the third largest in the world—brings a powerful engine of knowledge and innovation to the development of medications for the developing world. 

About the RFPs
The GHIT Fund received 28 full proposals of RFP 2013-001 by the deadline of June 15, 2013 and conducted a proposal eligibility assessment. Eventually, 25 proposals were eligible and three proposals were ineligible. In order to maximize the use of public funds and donations, and to guarantee transparency, fairness and accountability, a double "peer review" process has been put into effect, through which an independent expert selection committee processes grant proposals for final review and approval by the Board of Directors. The board will use a variety of factors and priorities to determine the spectrum and scope for e
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SOURCE Global Health Innovative Technology Fund (GHIT Fund)
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