Health Care

Bill Gates to donate $50 million to fund advancing Alzheimer's research

Bill Gates to donate $50 million to fund advancing Alzheimer's research

There is no cure for Alzheimer's, which destroys memory and other mental processes, and so Gates said he is investing his own money into the Dementia Discovery Fund, a private-public partnership to search for a solution.

Gates said this is a personal investment, not one offered through the Bill & Melinda Gates Foundation, which has invested in research to stop the spread of diseases such as HIV. However, Gates told Reuters that it will be followed by another personal donation of $50 million to start-up ventures focused on Alzheimer's research. "Unlike those with many chronic diseases, people with Alzheimer's incur long-term care costs as well as direct medical expenses". The group has more than 150 signatories.

"Of all the disorders that plague us late in life, one stands out as a particularly big threat to society: Alzheimer's disease", said Gates in his blog titled "Why I'm Digging Deep Into Alzheimer's".

Gates is familiar with the impact Alzheimer's has on families, both financially and emotionally. "The financial burden of the disease is much easier to quantify", Gates wrote. Other trials are ongoing and expected to release results in coming years, but Gates says it makes sense to have other candidates ready to push into advanced testing in order to keep the pipeline robust. "I believe we can do the same (or better) with Alzheimer's", Gates said. "There are plenty of reasons to be optimistic about our chances: Our understanding of the brain and the disease is advancing a great deal".

There hasn't been a new drug approved to treat Alzheimer's in more than a decade, and Bill Gates is impatient for a cure.

Benzema: Ronaldo is more selfish than me
The comments actually came from Jose Mourinho , who managed Benzema from 2010 to 2013. "When I see him like this with PSG, I feel bad for him". "If I don't touch the ball, but I score in the 90th minute, I'm disgusted".

"My background at Microsoft and my (Gates) Foundation background say to me that a data-driven contribution might be an area where I can help add some value", he said.

The Dementia Discovery Fund (DDF), first launched in 2015 and run by venture capital firm SV Health, is focused on discovering and developing new therapies that are not in the mainstream for fighting the disease which is expected to affect 1m people in the United Kingdom alone by 2025.

"A person with Alzheimer's or another form of dementia spends five times more every year out-of-pocket on health care than a senior without a neurodegenerative condition", he wrote.

"The first Alzheimer s treatments might not come to fruition for another decade or more, and they will be very expensive at first", he said. "I'm excited to join the fight and can't wait to see what happens next".