Gates, Soros team up on access to medical technology
Mologic Ltd is a world-leading innovator in the development of lateral flow and rapid diagnostic technologies, including tests that can help combat tropical diseases such as dengue, bilharzia, and river blindness – as well as Covid-19
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The £30 million acquisition was announced in summer 2021 and is being made through the Global Access Health (GAH), a social enterprise. GAH will seek to expand access to affordable state-of-the-art medical technology through decentralized research, development, and manufacturing in and for the Global South. The Soros Economic Development Fund launched the GAH in July with support from several philanthropic funds and investors including the Bill & Melinda Gates Foundation.
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