Priority Review Voucher - News and Reaction

News and Reaction

But some of the highest-leverage work that government can do is to set policy and disburse funds in ways that create market incentives for business activity that improves the lives of the poor. Under a law signed by President Bush last year, any drug company that develops a new treatment for a neglected disease like malaria or TB can get priority review from the Food and Drug Administration for another product they've made. If you develop a new drug for malaria, your profitable cholesterol-lowering drug could go on the market a year earlier. This priority review could be worth hundreds of millions of dollars.

Bill Gates at the World Economic Forum in Davos in 2008.

Read more about this topic:  Priority Review Voucher

Famous quotes containing the words news and/or reaction:

    There’s a long story, my friend. I never did like the idea of sitting on newspapers. I did it once and all the headlines came off on my white pants. On the level, it actually happened. Nobody bought a paper that day. They just followed me around over town and read the news off the seat of my pants.
    Robert Riskin (1897–1955)

    An actor must communicate his author’s given message—comedy, tragedy, serio- comedy; then comes his unique moment, as he is confronted by the looked-for, yet at times unexpected, reaction of the audience. This split second is his; he is in command of his medium; the effect vanishes into thin air; but that moment has a power all its own and, like power in any form, is stimulating and alluring.
    Eleanor Robson Belmont (1878–1979)