FasterCures has often found models of medical research innovation outside of the traditional establishment, specifically at the nonprofit foundations that comprise The Research Acceleration and Innovation Network (TRAIN).
Click the TRAIN cast studies links below to view examples of the power of venture philanthropy.
The Cystic Fibrosis Foundation
The Cystic Fibrosis Foundation (CFF) is recognized as one of the best examples of venture philanthropy in medical research. CFF has provided over $1 billion in funding since 2005, it actively supports the development of new treatments—nine of them FDA-approved—and has industry partners including Vertex, Pfizer, PTC Therapeutics, and Genzyme.
The Michael J. Fox Foundation
The Michael J. Fox Foundation (MJFF) is the single largest funder of Parkinson's research outside of the US government. To date, MJFF has invested more than $450 million in research—almost 90 percent for translational research—funded testing of more than 100 therapeutic targets for Parkinson's disease (PD), and undertaken novel industry partnerships to support early-stage promising therapeutic approaches.
The Multiple Myeloma Research Foundation
The Multiple Myeloma Research Foundation (MMRF) and its sister organization, the Multiple Myeloma Research Consortium (MMRC), have created a remarkable engine for drug discovery and development. MMRF has raised more than $250 million and funded 135 institutions worldwide, been involved in the development of 11 new treatments, facilitated nearly 100 clinical trials through the consortium, and has 17 MMRF-funded compounds now in clinical trials.