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daily : 2016-12-31 & on time : 10:47
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Gates Foundation Backs Intarcia Therapeutics' HIV Drug Pump
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The Bill & Melinda Gates Foundation is investing as much as $140 million to support development of a tiny implantable drug pump it believes could help prevent people in sub-Saharan Africa and elsewhere from becoming infected with HIV, the virus that causes AIDS.The matchstick-size pump is being developed by Intarcia Therapeutics Inc., a closely held Boston biotechnology company.It can hold six or 12 months' supply of medicine...
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Gates Foundation to Invest Up to $140 Million in HIV Prevention Device
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The Bill & Melinda Gates Foundation is investing as much as $140 million to support development of a tiny implantable drug pump it believes could help prevent people in sub-Saharan Africa and elsewhere from becoming infected with HIV, the virus that causes AIDS.The matchstick-size pump is being developed by Intarcia Therapeutics Inc., a closely held Boston biotechnology company.It can hold six or 12 months' supply of medicine...
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The Gates Foundation Just Invested Millions in Technology to Stop the Spread of HIV
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Image: WikiMedia CommonsOver the past two decades, HIV has gone from a lethal diagnosis to a manageable condition.And yet, the virus continues to spread as some 1.9 million new people are infected each year.HIV is no longer always the fatal disease it once was, but catching it is still common.
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Gates Foundation Sends $140M to Intarcia for HIV Version of Pump
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Gates Foundation Sends $140M to Intarcia for HIV Version of PumpXconomy Boston —Intarcia Therapeutics, a Boston biotech that's developing a tiny, implantable drug-delivery pump for type 2 diabetes, is now broadening its focus to HIV backed by as much as $140 million in grant and equity funding from The Bill & Melinda Gates Foundation.About $90 million of the money is non-dilutive and is being used to develop an HIV version of the pump.The other $50 million from the Gates Foundation is a part of $206 million in add-on Series EE funding that Intarcia announced today.
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