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:

    Word of gloom from the war, one day;
    Johnston pressed at the front, they say.
    Little Giffen was up and away;
    A tear—his first—as he bade good-by,
    Dimmed the glint of his steel-blue eye.
    “I’ll write, if spared!” There was news of the fight;
    But none of Giffen.—He did not write.
    Francis Orrery Ticknor (1822–1874)

    Christianity was only a very strong and singularly well-timed Salvation Army movement that happened to receive help from an unusual and highly dramatic incident. It was a Puritan reaction in an age when, no doubt, a Puritan reaction was much wanted; but like all sudden violent reactions, it soon wanted reacting against.
    Samuel Butler (1835–1902)