Davos Alzheimers Collaborative World Economic Forum Announce Major Milestones in the Global Fight Against Alzheimers Disease
Business Wire India
The Davos Alzheimerâs Collaborative (DAC) is a global multi-stakeholder partnership that is mobilizing the world against Alzheimerâs disease. DAC announced today it has nearly completed financing of its foundational phase and has launched several key initiatives to advance Alzheimerâs research, prevention and care to advance the fight against the disease.
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A recent WHO report shows that Alzheimerâs and dementia impacted more than 55 million families worldwide and cost the global economy approximately US$1.3 trillion in 2019. This annual cost is expected to rise to $2.8 trillion by 2030, based on predicted increases in cases and the cost of care. By averaging these numbers to assume an approximate annual cost of $2 trillion through 2030, we estimate the disease will cost the global economy a cumulative $20 trillion over the next decade.
Due to rapid gains in global life expectancy, more than 70% of Alzheimerâs cases will be in low- and middle-income countries (LMICs) by 2050, inhibiting their prospects for growth and exacerbating health and economic disparities between LMICs and higher-income countries. By contrast, nearly 80% of genomic analysis has come from people of European descent, even though more than 80% of the global population is not of European descent.
New advances in treatment have accelerated investment and innovation in the space, building momentum for change and increasing the urgency for healthcare systems to be prepared for major changes in how they care for patients with the disease in the coming years.
âNow is the time to act on Alzheimerâs. International bodies including the WHO, G7, and G20 have all made commitments in recent years that recognize the need to act together, act globally and act now to address this health crisis,â said George Vradenburg, Chair of DAC. âDAC is a response to these calls for action, bringing the speed and scale that has too often been lacking in previous efforts. The COVID-19 pandemic has shown us that a broad coalition of stakeholders working together can mobilize quickly to address a looming public health catastrophe. However, COVID-19 has also taught the world that we must have a robust preparedness plan â" early and systematic testing and detection, timely access to real-world data, a standing, global, trial-ready system for developing and testing new therapies, and healthcare systems in high and low resource settings that are prepared to get the right intervention to the right patient at the right time. And, most importantly, we must include every nation and marshal every sector from the beginning to ensure a universal and equitable response.â
DAC is orchestrating an ambitious global effort to combat the Alzheimerâs crisis by linking, scaling and building on existing efforts across every sector. DAC is advancing this mission through several key initiatives, built on the scientific and business input of hundreds of experts in the space:
âAlzheimerâs disease recognizes no boundaries. Yet too often our response is fragmented â" leaving patients, families and researchers to face this burden alone, especially in low- and middle-income countries,â said Dr. Margaret Chan, Emeritus WHO Director General and Founding Dean of the Tsinghua Vanke School of Public Health. âThe work of the Davos Alzheimerâs Collaborative, and its commitment to lead a new fight through new public-private partnerships, will help save countless lives and trillions of dollars lost to Alzheimerâs each year.â
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In addition to these initiatives, DAC has achieved several business milestones that will lay the foundation for our continued work to eliminate the burden of Alzheimerâs.
DAC is now headquartered in Switzerland, with IRS 501c3 affiliate status in the U.S. We are also completing our foundational phase fund-raise with $25 million in commitments to advance our projects, in addition to invaluable contributions of time and talent, from supporters including Eli Lilly & Company, Roche, Biogen, Eisai, Otsuka, C2N, Cognivue, Linus Health and Cogstate.
âThe progress made by the Davos Alzheimerâs Collaborative since its launch in January signals the urgent need for a collective global response to the growing public health crises of Alzheimerâs disease,â said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. âFollowing in the footsteps of initiatives incubated at the World Economic Forum, such as the Global Alliance for Vaccines and Immunization (GAVI) and the Coalition for Epidemic Preparedness Innovations (CEPI), the Davos Alzheimerâs Collaborative is bringing new cooperative energy and global vision to the fight against this disease that brings suffering to hundreds of millions of people, families and caregivers around the world.â
DACâs founding Board members will guide the collaborative toward its 2022 priorities and beyond. A full list of DAC leadership group members is available here.
âDAC is bringing together the best minds to improve the speed and scale of the scientific fight against Alzheimerâs,â said Elias Zerhouni, Professor Emeritus, Johns Hopkins University; Former Director, National Institutes of Health and Former President of R&D, Sanofi. âWeâve built a plan of action informed by experts in Alzheimerâs disease, data science and digital technologies, and we are pleased to start executing it through these initiatives.â
DAC intends to announce further progress toward these goals during the Lausanne VIII Workshop in November 2021 and the World Economic Forum annual meeting in January 2022.
About the Davos Alzheimerâs Collaborative
Launched at the World Economic Forumâs 2021 meeting on The Davos Agenda, The Davos Alzheimerâs Collaborative is a multi-stakeholder partnership committed to aligning stakeholders with a new vision for our collective global response against the challenges Alzheimerâs presents to patients, caregivers and healthcare infrastructures. Convened by The World Economic Forum and The Global CEO Initiative on Alzheimerâs Disease (CEOi) and fueled by a mission of service to the estimated 150 million families and half a billion people inevitably impacted by this disease by 2050, DAC is a collaborative for the benefit of all people, in all places.
Note to Editors
Additional quotes from DACâs leadership and partners are attached.
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