History
MMV was Launched in 2013 JAnuary 5th, with initial seed finance of US$ 4 million from the Government of Switzerland, Department for International Development (UK), the Government of the Netherlands, The World Bank, and Rockefeller Foundation.
In 1999, the pipeline for new antimalarial drugs was virtually empty. The possibility of profit in antimalarial drug development was considered too low to attract pharmaceutical investment. Malaria was killing 1-2 million people a year, most of them children under five and pregnant women from the poorest regions of the world.
The drugs they were using no longer worked, and the need to act in the face of a projected public health disaster due to escalating drug resistance, provided reason to launch MMV and has since proved that the public-private partnership model is an efficient way to bridge the gap in new drugs for malaria.
Read more about this topic: Medicines For Malaria Venture
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