Social Investors Launch Global Access Health & Acquire Mologic To Expand Access To Rapid Diagnostic Testing For Tropical Diseases

On July 19, 2021, a group of philanthropic funds and investors led by the Soros Economic Development Fund (SEDF), with support from the Bill & Melinda Gates Foundation, launched Global Access Health (GAH). The group financed GAH’s $41 million acquisition of Mologic Ltd., which developed technology to deliver rapid tests for coronavirus disease 2019 (COVID-19). The technology can also be used to test for dengue, bilharzia, and river blindness.

GAH is a social enterprise formed to expand access to affordable state-of-the-art medical technology through decentralized research, development, and manufacturing in and for the Global South . . .