Obama reveals $100 million HIV research initiative - New York News

Obama reveals $100 million HIV research initiative

Posted: Updated:
A red ribbon hangs from the North Portico of the White House on Dec. 2, 2013 to mark World AIDS Day, Dec. 2, 2013. (White House photo by Chuck Kennedy) A red ribbon hangs from the North Portico of the White House on Dec. 2, 2013 to mark World AIDS Day, Dec. 2, 2013. (White House photo by Chuck Kennedy)

LAURAN NEERGAARD | AP Medical Writer

WASHINGTON (AP) — President Barack Obama announced a new initiative at the National Institutes of Health in pursuit of a cure for HIV, saying his administration is redirecting $100 million into the project to find a new generation of therapies.

"The United States should be at the forefront of new discoveries into how to put HIV into long-term remission without requiring lifelong therapies, or better yet, eliminate it completely," Obama said.

Obama made the announcement Monday at a White House event marking World AIDS Day, which was Sunday — and as health leaders and philanthropists gathered in Washington to determine how to replenish the major global health fund that combats AIDS and two of the world's other leading killers in low-income countries.

Obama pledged that the U.S. would contribute up to $5 billion over the next three years to The Global Fund to Fight AIDS, Tuberculosis and Malaria — as long as other countries do their part and contribute $10 billion. The U.S. matches contributions to the Geneva-based Global Fund on a 1-to-2 funding ratio set by Congress.

"Don't leave our money on the table," Obama said Monday.

The Global Fund is trying to raise $15 billion to cover its programs from 2014 to 2016. The fund supports HIV therapy for more than 5 million people, as well as treatments for tuberculosis and malaria, and the distribution of insecticide-treated bed nets.

Also Monday, billionaire Bill Gates said he planned to nearly double his foundation's contribution to this next round of the Global Fund, to $500 million. Gates had already pledged $300 million, but told a small group of reporters at the National Institutes of Health that he would match an additional $200 million from private sources in an effort to draw in new donors.

Gates donned a biohazard suit and respirator for a close-up look at how NIH scientists are hunting new therapies for increasingly drug-resistant tuberculosis. He emerged from the laboratory energized about promising candidates — but with a sober message for policymakers: Defeating global killers like TB and AIDS requires adequate funding of both the delivery of today's treatments and the research required for better ones.

"We're deeply disappointed" in cuts to the NIH's budget, Gates said.

Earlier this year, NIH lost $1.5 billion of its $31 billion budget to automatic spending cuts known as the sequester, after years of budgets that didn't keep up with inflation. NIH is scheduled to lose another $600 million from a second round of sequester cuts set to take effect next month. That in turn limits how much the NIH can devote to different diseases.

"Investing in research has huge paybacks," Gates said.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • HealthMore>>

  • FDA Approves Blood Test to Aid Diagnosis of Type 1 Diabetes

    FDA Approves Blood Test to Aid Diagnosis of Type 1 Diabetes

    FDA Approves Blood Test to Aid Diagnosis of Type 1 Diabetes Type 1 diabetes blood test detects unique autoantibody (dailyRx News) While Type 1 and Type 2 diabetes share some traits, treatments for each condition...
    FDA Approves Blood Test to Aid Diagnosis of Type 1 Diabetes Type 1 diabetes blood test detects unique autoantibody (dailyRx News) While Type 1 and Type 2 diabetes share some traits, treatments for each...
  • Reversing Prediabetes May Be a Heart Saver

    Reversing Prediabetes May Be a Heart Saver

    Reversing Prediabetes May Be a Heart Saver Diabetes and heart disease risk drops in prediabetes patients who regain normal blood sugar (dailyRx News) Blood sugar levels that are high but not high...
    Reversing Prediabetes May Be a Heart Saver Diabetes and heart disease risk drops in prediabetes patients who regain normal blood sugar (dailyRx News) Blood sugar levels that are high but not high enough to...
  • Do you have a soul mate?

    Do you have a soul mate?

    Tuesday, August 26 2014 10:25 PM EDT2014-08-27 02:25:51 GMT
    Fox 5 found that romance is almost completely alive and well in Harlem. The notion of one a soul mate, your better half, the one and only is thriving. Maybe have Cinderella or rather reality television to thank for this notion.Sadly, new research shows if you believe your partner is your soul mate your expectations may be to high when times get tough.
    Fox 5 found that romance is almost completely alive and well in Harlem. The notion of one a soul mate, your better half, the one and only is thriving. Maybe have Cinderella or rather reality television to thank for this notion.Sadly, new research shows if you believe your partner is your soul mate your expectations may be to high when times get tough.
  • Local NewsLocal NewsMore>>

  • Owner says Showboat will definitely close Sunday

    Owner says Showboat will definitely close Sunday

    Its owner says Atlantic City's Showboat Casino Hotel will definitely shut down on Sunday.  A spokeswoman for Caesars Entertainment tells The Associated Press that despite expressions of interest from potential purchasers, the casino will be closed at 4 p.m. Sunday. Showboat is one of three Atlantic City casinos closing in the next few weeks.
    Its owner says Atlantic City's Showboat Casino Hotel will definitely shut down on Sunday.  A spokeswoman for Caesars Entertainment tells The Associated Press that despite expressions of interest from potential purchasers, the casino will be closed at 4 p.m. Sunday. Showboat is one of three Atlantic City casinos closing in the next few weeks.
  • Digital currency ATM in Greenwich Village

    Digital currency ATM in Greenwich Village

    Wednesday, August 27 2014 10:35 AM EDT2014-08-27 14:35:08 GMT
    The first ATM for BitCoin users in New York City is up and running in a store in Greenwich Village. The controversial, virtual currency is exchanged using a 'wallet' app on mobile devices. The ATM accepts cash but only returns virtual currency to the app. At the ATM in Flat 128, a store that sells UK-designed items, the fee for store owner Liz Dubois is less than that for a credit card transaction.
    The first ATM for BitCoin users in New York City is up and running in a store in Greenwich Village. The controversial, virtual currency is exchanged using a 'wallet' app on mobile devices. The ATM accepts cash but only returns virtual currency to the app. At the ATM in Flat 128, a store that sells UK-designed items, the fee for store owner Liz Dubois is less than that for a credit card transaction.
  • Cristobal to churn surf along Jersey shore

    Cristobal to churn surf along Jersey shore

    Wednesday, August 27 2014 9:14 AM EDT2014-08-27 13:14:52 GMT
    Swimmers and lifeguards are facing a high risk for rip currents along New Jersey beaches. The National Weather Service says Hurricane Cristobal is predicted to pass well to the southeast of the New Jersey coast on Wednesday night. Long period swells will spread out from the storm, churning up the surf along Jersey shore beaches.
    Swimmers and lifeguards are facing a high risk for rip currents along New Jersey beaches. The National Weather Service says Hurricane Cristobal is predicted to pass well to the southeast of the New Jersey coast on Wednesday night. Long period swells will spread out from the storm, churning up the surf along Jersey shore beaches.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices