Thursday, May 28, 2009

Prize4Life News Digest - 5/28

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CROWDSOURCING AND INDUCEMENT PRIZES:

Q & A: Judith Rodin
An interview with Judith Rodin, head of the Rockefeller Foundation. In addition to the foundation’s traditional funding priorities, Rodin has decided to fund innovative new processes, such as crowdsourcing, that can be broadly applied to address a variety of social issues. In essence, the foundation is rewarding organizations that are pioneering cutting-edge techniques to identify unexpected solutions to problems and encouraging innovation.


INDUSTRY:

New institute will study rare diseases
Congress has decided to provide $24M a year for 5 years to establish a new program for Therapeutics for Rare and Neglected Diseases. TRND will be a part of the NIH. It is primarily designed to help drugs cross the “valley of death” from basic discovery to industry investment. It is not yet clear what diseases the TRND will focus on, but ALS would be a good candidate.

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