Mar 17, 2015
By Kim O'Hare
Britain’s health Secretary has unveiled a new scheme in the battle against Alzheimer’s disease. The plan was unveiled in Geneva at the World Health Organization’s first conference on dementia.
Major drug makers, the British government and a top Alzheimer’s research charity are pooling more than 100-million dollars to create a global fund to accelerate efforts to find a treatment or a cure within a decade.
The new Dementia Discovery Fund will function like a venture capital fund.
It will identify promising laboratory discoveries in Alzheimer’s disease and other forms of dementia, then distribute money to cover costs for the steps needed to prepare for and then begin the first tests in patients.