Bill Gates Donates $50 Million To Alzheimer's Research

Former President Obama Speaks At The Gates Foundation Inaugural Goalkeepers Event

Billionaire and co-founder of Microsoft Bill Gates has pledged around $100 million in the fight against brain-wasting diseases, earmarking half of that for start-ups researching treatments for Alzheimer's disease, Newsweek reports. "We need a lot of ideas here to give us the highest chance that will lead to an Alzheimer's cure".

Years have been spent in trying to find treatments for Alzheimer's, but so far, there have been no effective therapies to halt the progression of the disease.

Mr Gates said the first treatments for the disease might not be feasible for a decade or more and would initially be expensive. "But I'm hopeful. We have much better tools".

The DDF, which was launched in 2015 and involves drugmakers GlaxoSmithKline, Johnson & Johnson, Eli Lilly, Pfizer and Biogen Idec as well as the United Kingdom government, has already invested in at least nine start-up companies investigating potential ways to stop or reverse the biological processes that lead to dementia. Gates cites a family history with the disease.

'Alzheimer's Society wholeheartedly welcomes Bill Gates' significant personal investment to advancing research into Alzheimer's disease.

"I know how very bad it is to watch people you love struggle as the disease robs them of their mental capacity". Through these conversations, he identified five areas of need: understanding how Alzheimer's progresses; detection and diagnosis; approaches to stop the disease; facilitating participation in clinical trials; and better use of data.

Gates is familiar with the impact Alzheimer's has on families, both financially and emotionally.

Rather going through his usual philanthropic route, the Bill & Melinda Gates Foundation, Gates says this investment is a personal one.

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