Bill Gates invests $50M in fight against Alzheimer's disease
Microsoft co-founder and philanthropist Bill Gates attends a meeting with Chinese Premier Li Keqiang (not pictured) at the Zhongnanhai government compound in Beijing, China, Friday, Nov. 3, 2017. (Thomas Peter/Pool Photo via AP)
The Associated Press
Published Monday, November 13, 2017 12:44PM EST
Last Updated Monday, November 13, 2017 12:45PM EST
SEATTLE -- Bill Gates says he's giving US$50 million to help fight Alzheimer's disease.
The Microsoft co-founder said Monday that the donation to the Dementia Discovery Fund is personal and not through his charitable foundation.
The London-based private fund is backed by government, charities and pharmaceutical firms and seeks new treatments for the progressive, irreversible neurological disease.
In a statement , Gates says men in his family have suffered from Alzheimer's. He says he's hopeful that in time Alzheimer's could be a chronic condition treatable with medication.
Gates says the first treatments for the disease might not be feasible for a decade or more and would initially be expensive. He says the Gates Foundation might consider how to expand access in poorer countries when treatments are developed.