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GSK Announces "Open Innovation" Strategy to Combat Neglected Tropical Diseases

By Donald Zuhn, Kevin Noonan, Chris Singer, Sherri Oslick, and Jason Derry

By Donald Zuhn -- In January, GlaxoSmithKline announced a series of initiatives for developing new medicines to combat diseases that disproportionately affect the world's poorest countries. The initiatives, which comprise GSK's "open innovation" strategy, were outlined in a speech given by GSK Chief Executive Andrew Witty to the Council on Foreign Relations on January 20th. These initiatives include: ? Making more than 13,500 malaria compounds freely available; ? Establishing new collaborations for sharing IP for treating neglected tropical diseases; ? Pledging to create a sustainable pricing model for a malaria candidate vaccine; ? Providing $8 million in seed funding for...

Full post as published by Patent Docs on February 04, 2010 (boomark / email).