The DDF collaboration seeks to identify and foster promising new global research in the field of dementia and supports Lilly's commitment to explore innovative approaches to scientific discovery. By providing financial support and its scientific expertise to this venture, Lilly hopes to accelerate the development of innovative new treatments for this disease.
The DDF today announced that SV Life Sciences has been appointed as Fund Manager and will be supported by a Scientific Advisory Board made up of some of the world's leading scientists. This group will identify potentially innovative projects in which the fund can invest, with the aim of speeding development of medicines that both improve symptoms and treat dementia.
Dementia affects more than 47 million people worldwide at a cost of over $604 billion a year. Every year, there are more than 7.7 million new cases. Alzheimer's disease is the most common cause of dementia and may contribute to 60 to 70 percent of cases1. While current treatments can temporarily alleviate or slow down symptoms for a limited period of 6 to 12 months or longer2, there is currently no cure for Alzheimer's disease, making it one of the world's greatest unmet medical needs.”
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