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To date the Zuckerberg foundation has given $75 million to SF General Hospital as well as committed to giving $3 billion to establish the Biohub in San Francisc
by mikeyouse 10y ago
To date the Zuckerberg foundation has given $75 million to SF General Hospital as well as committed to giving $3 billion to establish the Biohub in San Francisco. They've committed to giving 99% of their shares to the Chan-Zuckerberg Initiative which is currently valued at something like $50 billion. Paying the smartest doctors and scientists in the world to cure diseases is a pretty good way to have a humanitarian impact.
- gaius 10y agoThis whole story is about a doctor, remember... They don't hand out sainthoods in Med School...
- vkou 10y agoAs far as I can tell, Biohub is a medical R&D company. It will keep control over all IP developed by it, and sell licenses (As opposed to the Gates foundation, which makes its work freely available.) By the same logic, Pfizer is a humanitarian charity - it too employs the world's smartest doctors to try to cure diseases.
- mikeyouse 10y agoNope -- The Chan Zuckerberg Initiative is a for-profit company which allows them to lobby, etc. The Chan Zuckerberg Biohub is a non-profit research entity that has received funding from the CZI, and the IP / license fees will be shared between CZ Biohub and the research institutions that they're partnering with (UCSF, Stanford, and UC Berkeley). Researchers will also have the ability to enter their IP into the public domain (with Biohub approval). It'd be more similar to Pfizer if Pfizer fired all their sales and marketing staff as well as funneled all of their profits into additional research instead of paying billions of dollars to shareholders every year. The CZ Biohub is basically a West Coast Broad Institute.