SAN FRANCISCO — Biotechnology's trade group, armed with a $1 million donation from the Bill and Melinda Gates Foundation, said yesterday it was launching a nonprofit institute dedicated to fighting disease in the developing world.
The institute, called the BIO Ventures for Global Health, plans to work with biotechnology companies to deliver vaccines and medicines to poor countries overlooked by the industry. It also intends to address diseases endemic to the Third World that are ignored by an industry focused on profits.
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