"Scientists have yet to figure out what exactly causes Alzheimer s or how to stop the disease from destroying the brain", he said.
Gates' investment in the Dementia Discovery Fund will help support startups as it explores "less mainstream approaches to treating dementia", he explained. This will not only speed up the progress we make towards finding a cure, but his attention to the cause will also help to eliminate the negative stigma that still exists around dementia to help create a better world for the 50 million people globally who are living with the condition today.
'Alzheimer's Society wholeheartedly welcomes Bill Gates' significant personal investment to advancing research into Alzheimer's disease.
As people live longer, the number of people suffering from this disease and other forms of dementia continues to rise. He also plans to invest another $50 million in start-up ventures working in Alzheimer's research.
Trump taps former pharmaceutical industry executive to lead HHS
Price resigned in September after reports that he incurred $1 million on costs using government-owned jets for travel. According to Politico , he worked closely there with Eric Hargan, who has been acting HHS secretary since Price left.
However, Gates said, that with well-funded and focused innovation, he was optimistic treatments will be found, even if they are over a decade in the future.
The philanthropist, whose focus usually involves infectious diseases in poorer countries, said that Alzheimer's took his attention for personal reasons in part, and because it has been so hard to find any treatment.
Dementia, of which Alzheimer's is the most common form, affects close to 50 million people worldwide and is expected to affect more than 131 million by 2050, according to the non-profit campaign group Alzheimer's Disease International. I know how bad it is to watch people you love struggle as the disease robs them of their mental capacity, and there is nothing you can do about it.
He identified key areas that his investment aims to benefit: understanding how Alzheimer's develops, improving detection and diagnosis, more approaches to stopping the disease, increase access for patients to clinical trials and more availability of established data. "It feels a lot like you're experiencing a gradual death of the person that you knew", he said in a blog post about the dementia investments.
The Dementia Discovery Fund (DDF), first launched in 2015 and run by venture capital firm SV Health, is focused on discovering and developing new therapies that are not in the mainstream for fighting the disease which is expected to affect 1m people in the United Kingdom alone by 2025.