The group wants to support research into treatments and technologies that are already being studied but face challenges making the leap to the consumer market, says Charlie Petty, the co-head of Intercept who also works at Stripe. When it comes to preventing diseases using drugs, that could mean therapies that activate the immune system so that viruses can’t get a foothold, or medicines that prime it against multiple viruses at once.
The fund is planning to announce calls for grant applications at some point; Petty and Ransohoff did not specify a date.
Some technologies are already proven to reduce infections
“Part of our initiative is getting corporate partners to agree to [run] pilots and to give us feedback,” Petty says, by, for instance, testing out air filtration systems in their offices. Warby Parker, Mastercard, and JP Morgan are among the companies Intercept say they have enlisted as part of a “network of future buyers” that have expressed interest in exploring these technologies in the workplace.
Is 500 million enough?
In pharmaceutical circles, it’s difficult to drum up interest in antivirals and antimicrobials because they are used only sparingly, when people are ill, he says. But because Intercept is “looking for things that are essentially prophylactic,” Scarpino continues, “then you're imagining that people are taking these things all the time. And that may change the economics of somebody investing in the Phase III trial.”
Ransohoff acknowledges that the problem is large, and will likely require additional investment. “We absolutely do not expect $500 million to be the sum total of funds that will be required to achieve the goal,” she said. “But that's kind of our little part in it.”
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