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by Fran ![]() I came across the name of Victoria Hale shortly before Christmas, when I received my Yoga Magazine, the only magazine I still like to read in the paper version. Luckily, I also found the story online. What intrigued me was the first paragraph, so I'm not quite sure why. But it is the story of a woman who shows that despite all the problems and negativity in this world, it is still possible to make a difference. Poverty's Diseases - and the Scientist Who Stopped Looking the Other Way
Riding in a New York City taxi on the way from the airport is where Victoria Hale determined that she would turn her dream into reality. In a time of Big Pharma and its focus on big profits, Hale had long had a vision of bringing life-saving medicines to the world's poorest people, but her plan was drifting in limbo. Making conversation, her West African cab driver asked her what she did. She answered that she was a pharmaceutical scientist. At the time, she worked for a successful biotechnology firm. By her account: "He said, `You guys make all the money.' And then he laughed deep and heartily. His honest laughter was suddenly painful, like a knife in my soul." Hale said she knew at that moment that she would find a way to launch a nonprofit drug firm. No one had ever done that. Certainly not anyone that the IRS had heard of. From the diaries - afew
So she founded the Institute for OneWorld Health. I do not want to go into the details of her story, they can be found in the various links below. Nevertheless, they are worth reading.
Stanford Social Innovation Review: 15 Minutes with Victoria Hale - MacArthur "genius" prize winner creates drugs for the developing world To me Hale's story has an important message. First, we need a compassionate vision, a goal or a mission to be motivated to take the necessary steps to move forward and to make a change and difference in this world. Second, we need endurance and will-power, to continue during the tough times that might have to be endured to achieve the vision. This is really important, as we live in a world that demands instant-success. There is no more patience to take one step after the other. The demand is for instant shareholder values, instant bonuses, and instant riches. The kind of vision Hale had, needs the staying power that makes achieving a long-term goal possible.
But the cabbie's cynicism on that day jolted her into action. Hale and her husband put up $100,000 to start OneWorld Health. They turned the ground floor of their San Francisco house into the company offices. They took no pay for two years, burned through savings, and went into debt to the tune of $315,000. Dedication they had, but Hale knew that to be more than a promising start-up, they would need a big hit the first time out. Her first job would be to find the right drug to develop--it had to have promise, and it had to target pervasive suffering. Well, and thirdly knowledge and know-how are definitely important, but are of no great use without the first two. It is good to see had her endeavor is being rewarded, and that she is being recognized around the world. She has received awards from the Schwab Foundation, the MacArthur Fellows 2006 and the Volvo for life awards. Shortly after reading the first time about Victoria Hale, Spiegel Online featured also a good story about her. THE AXIS OF GOOD - A Woman's Fight to Save the Poor from Black Fever. The interesting thing is, she seems to get competition from Germany:
At the time, as Hale was requesting the data on paromomycine, TDR was interested in another drug that seemed promising in the fight against black fever. Ridley believed that the drug would offer a better cost-benefit ratio than paromomycine. The drug, known as impavido, is manufactured by a German company whose CEO, Jürgen Engel, has the luxury of producing a drug that doesn't make economic sense. Would be great if this is contagious. The world sure could use it. Oh, and by the way, if the Gates Foundation supports this kinds of venture, they just earned a brownie point with me. |
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Business with Heart: Victoria Hale | 38 comments (38 topical, 0 editorial, 0 hidden)
Business with Heart: Victoria Hale | 38 comments (38 topical, 0 editorial, 0 hidden)
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