- Aug 8, 2016
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Interestingly, the test has't been approved for use in either the UK and the US. Mologicās CEO Mark Davis welcomed the acquisition deal, stating that "it means a transformation of his company into a social enterprise..."
Anyway...
''Mologic was established in 2003 by Mark Davis and his father Professor Paul Davis, one of the original creators of ClearBlue, the worldās first home pregnancy test. Mologicās technology has broad application across markets and disease states where rapid, accurate point-of-need testing can help make a significant difference in patient care and patient outcomes. Its extensive work in developing affordable testing for neglected tropical diseases has been supported by grant funding from a range of donors, and most significantly by the Bill & Melinda Gates Foundation...
...The Open Society Foundations, founded by its chairman George Soros, is the worldās largest private funders of human rights and social justice advocacy groups. The Soros Economic Development Fund, established in 1997, pursues impact investments that are aligned with Open Societyās broader mission, and currently holds 35 investments totaling c.$300m.''
Continued - Mologic to become a āSocial Enterpriseā after acquisition by social impact funders and investors
Anyway...
''Mologic was established in 2003 by Mark Davis and his father Professor Paul Davis, one of the original creators of ClearBlue, the worldās first home pregnancy test. Mologicās technology has broad application across markets and disease states where rapid, accurate point-of-need testing can help make a significant difference in patient care and patient outcomes. Its extensive work in developing affordable testing for neglected tropical diseases has been supported by grant funding from a range of donors, and most significantly by the Bill & Melinda Gates Foundation...
...The Open Society Foundations, founded by its chairman George Soros, is the worldās largest private funders of human rights and social justice advocacy groups. The Soros Economic Development Fund, established in 1997, pursues impact investments that are aligned with Open Societyās broader mission, and currently holds 35 investments totaling c.$300m.''
Continued - Mologic to become a āSocial Enterpriseā after acquisition by social impact funders and investors
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