BLOG POST

Creating Incentives for Medical Research

By
October 16, 2005
Bill Gates, in an interview with the Daily Princetonian on October 14th:
Also when you think about developing world health, the price of drugs is not the key issue. It's the drugs that aren't being invented and part of the reason they aren't being invented is that [if] the pharmaceutical companies work in these areas, then they're expected to give the drugs away. So they never go into the area, and so what we have to do is create the right incentives for the pharmaceutical companies so there is willingness to do differential pricing. Where government money, philanthropic money comes in and takes some of the risk, then we get the breakthroughs.

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