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Nature 442, 122-123 (13 July 2006) | doi:10.1038/442122a; Published online 12 July 2006

Giving it away

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Charities are starting to operate like venture capitalists, putting their cash into fledgling drug companies. Virginia Gewin reports.

Robert Beall, a 63-year-old biochemist turned patient advocate, believes it is past time for charities to change their approach to finding treatments and cures."By absorbing some of the early financial risk involved in developing new drugs, philanthropists can increase the odds that a company will take on a small disease such as cystic fibrosis," says Beall, who heads the Cystic Fibrosis Foundation (CFF), a medical charity based in Bethesda, Maryland, with assets totalling US$230 million.

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type Exception report

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Apache Tomcat/5.0.7