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A Creative Approach to Third World Markets and to one Start-Up's First Financing

 
• By Wendy Diller

A new three-way agreement between the University of California, Berkeley (UCB), the Gates Foundation, Amyris Biotechnologies Inc., and the Institute for OneWorld Health (IOWH) showcases one approach to creating affordable drugs for third-world markets that aren't attractive to for-profit companies-with incentives for all participants.

A new three-way agreement between the University of California, Berkeley (UCB), the Gates Foundation, Amyris Biotechnologies Inc., and the Institute for OneWorld Health (IOWH) showcases one approach to creating affordable drugs for third-world markets that aren't attractive to for-profit companies—with incentives for all participants.

At the core of the agreement is a gift of $42.6 million from the Gates Foundation to scientists at UC Berkeley, Amyris, and IOWH to produce a genetically engineered version...

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