New Haven, CT based CURE, a pharmaceutical research firm, has decided that there are not enough financial incentives in finding drugs to solve all the world's health problems so it has spun off a nonprofit called World Cures. World Cures will turn to fundraising to finance its operations.
While I applaud the dedication to solving world health problems, I can't help wondering if there is some other motive behind a for-profit's shedding some resources to pursue what would otherwise be included in its mission -- to create chemical cures to address health issues. Is there really more money in philanthropy than in the for-profit world? With the Gateses of the world, maybe the answer is: that's right!
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Wednesday, January 30
by
mikeb
on Wed 30 Jan 2008 07:00 AM EST
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Thanks Readers!! The number of folks reading this blog has grown steadily. Unfortunetly, this blog host is not able to handle the traffic and I have moved my blog. Please check out (and bookmark) my new location http://www.nonprofitboardcrisis.typepad.com Thanks for helping to make this a success!! My mission: to change the world one nonprofit at a time. I fix broken nonprofits with a focus on resolving nonprofit board/exec relationships. I also help nonprofit boards and staff figure out where they want their organization to be in the future and focus on the four columns of a nonprofit: program, management and operations, governance and sustainability. If you would like to know more about me and my firm, please visit my web site: www.brodyweiserburns.com - Mike Burns
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Thanks Readers!! The number of folks reading this blog has grown steadily. Unfortunetly, this blog host is not able to handle the traffic and I have moved my blog.