The Bill & Melinda Gates Foundation and Jeff Bezos’ Day One Fund are joining forces to donate $15 million to the Diagnostics Accelerator, a project which is part of the Alzheimer’s Drug Discovery Foundation.
The Diagnostics Accelerator looks to develop an affordable test for stopping Alzheimer’s disease. According to a blog post by Bill Gates, currently, the best methods for diagnosing Alzheimer’s is through a spinal tap or brain scan, however those methods, according to Gates, are invasive and expensive.
BNP Paribas Invests in a Pre-IPO Security Marketplace
The European-based banking group announced that it has invested in Forge, a marketplace focused on pre-IPO companies. Forge enables employees of the unicorn firms – that is, private startups valued at over $1 billion – to sell their shares.
As part of the deal both firms will develop and distribute “investment products providing exposure to Pre-IPO / private innovation companies.”
According to a company announcement, there are “over 300 unicorns in the world, representing over $1 trillion in enterprise value” and many investors are looking to access the private companies.
WeWork Acquires a Workplace Services Company
The coworking company announced that it has acquired Managed by Q, a workplace management platform that offers facilities, workplace staffing, and project management services.
The deal looks to help WeWork “deliver an unprecedented and seamless office experience for growing companies”.
Terms of the transaction were not disclosed.