Business Wire

Davos Alzheimer's Collaborative, World Economic Forum Announce Major Milestones in the Global Fight Against Alzheimer’s Disease

21.9.2021 16:00:00 EEST | Business Wire | Press release

Share

The Davos Alzheimer’s Collaborative (DAC) is a global multi-stakeholder partnership that is mobilizing the world against Alzheimer’s disease. DAC announced today it has nearly completed financing of its foundational phase and has launched several key initiatives to advance Alzheimer’s research, prevention and care to advance the fight against the disease.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210921005348/en/

A recent WHO report shows that Alzheimer’s 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 Alzheimer’s 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.

“Now is the time to act on Alzheimer’s. 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,” said George Vradenburg, Chair of DAC. “DAC 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 – 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.”

DAC is orchestrating an ambitious global effort to combat the Alzheimer’s 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:

  • Global Cohorts: Working with the International One Hundred K+ Cohorts Consortium (IHCC) and other partners, DAC is building a cohort of one million people who reflect the disease in all its global diversity, with data available to researchers everywhere in order to marshal the world’s scientific and industrial talent to find new clues to stopping Alzheimer’s. In our first six months of operations, we have linked 12 cohorts spanning Africa, Asia and South America, with more than 20 additional cohorts under consideration. We have stress-tested this diverse combined cohort using our Polygenic Risk Score (PRS) Feasibility Pilot, a first-of-its-kind, transethnic and transracial analysis of genetic data from approximately 100,000 people with Alzheimer’s.
  • Clinical Trials: DAC is helping reduce the time and cost of clinical trials while improving their quality to accelerate the innovations that families and countries so desperately need. Working with the Global Alzheimer’s Platform, we are linking a network of 90 trial sites in North America with over a dozen European trial sites to accelerate key studies and implement novel trial designs, and we also are surveying site capacity across the rest of the world to extend future trials to other continents. We’re also designing a novel African clinical trial in Alzheimer’s disease and have secured a commitment from Roivant Social Ventures to make available an investigational new drug for use in this trial.
  • Healthcare System Preparedness: DAC is investing in healthcare systems to produce new learnings using new technologies and protocols to improve the clinical care of people with, or at risk of, Alzheimer’s. To date, we have secured healthcare system partners in the U.S., Brazil, Mexico, Scotland, Japan and Jamaica to pilot the use of blood biomarkers and technology-enabled methods in clinical practice, including earlier detection of Alzheimer’s disease. We also held our first “Learning Laboratory” of these flagship health systems to share their innovative practices with approximately 200 attendees from health systems and national health ministries, including representatives of seven governments from around the world. The World Health Organization has agreed to serve as a technical advisor on these efforts.

“Alzheimer’s disease recognizes no boundaries. Yet too often our response is fragmented — leaving patients, families and researchers to face this burden alone, especially in low- and middle-income countries,” said Dr. Margaret Chan, Emeritus WHO Director General and Founding Dean of the Tsinghua Vanke School of Public Health. “The work of the Davos Alzheimer’s 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 Alzheimer’s each year.”

Business Updates

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 Alzheimer’s.

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.

“The progress made by the Davos Alzheimer’s Collaborative since its launch in January signals the urgent need for a collective global response to the growing public health crises of Alzheimer’s disease,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. “Following 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 Alzheimer’s 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.”

DAC’s founding Board members will guide the collaborative toward its 2022 priorities and beyond. A full list of DAC leadership group members is available here.

“DAC is bringing together the best minds to improve the speed and scale of the scientific fight against Alzheimer’s,” said Elias Zerhouni, Professor Emeritus, Johns Hopkins University; Former Director, National Institutes of Health and Former President of R&D, Sanofi. “We’ve built a plan of action informed by experts in Alzheimer’s disease, data science and digital technologies, and we are pleased to start executing it through these initiatives.”

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 Alzheimer’s Collaborative

Launched at the World Economic Forum’s 2021 meeting on The Davos Agenda, The Davos Alzheimer’s Collaborative is a multi-stakeholder partnership committed to aligning stakeholders with a new vision for our collective global response against the challenges Alzheimer’s presents to patients, caregivers and healthcare infrastructures. Convened by The World Economic Forum and The Global CEO Initiative on Alzheimer’s 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 DAC’s leadership and partners are attached.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Media Contact: Katie Hatcher, KHatcher@webershandwick.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

HM King Mohammed VI Presides Over the Launch Ceremony of the Aircraft Landing Gear Production Plant Project, Representing an Investment of €280 million by the Safran Group in Morocco13.2.2026 22:10:00 EET | Press release

His Majesty King Mohammed VI, may God assist Him, accompanied by HRH Crown Prince Moulay El Hassan, chaired on Friday at the Royal Palace in Casablanca the presentation and launch ceremony of the project to build a landing gear production factory for Safran in Nouaceur, a project that reinforces Morocco as a destination of choice and a true integrated industrial actor at the heart of the global economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260213269786/en/ His Majesty King Mohammed VI, accompanied by HRH Crown Prince Moulay El Hassan, chaired on Friday at the Royal Palace in Casablanca the presentation and launch ceremony of the project to build a landing gear production factory for Safran in Nouaceur Considered one of the largest manufacturing centres in the world for Safran Landing Systems, the plant will represent an investment of more than EUR 280 million, create 500 jobs, and operate on 100% decarbonised energ

Sultan bin Ahmed visits Huawei R&D Centre and SMG in China13.2.2026 19:52:00 EET | Press release

His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of the Sharjah Media Council, visited the Huawei Research and Development Centre and Shanghai Media Group (SMG) in Shanghai, People’s Republic of China. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260213682693/en/ Sultan bin Ahmed visits Huawei R&D Centre and SMG in China (Photo: AETOSWire) His Highness toured Huawei Village, which spans 2.2 million square metres and comprises over 100 buildings and laboratories, employing more than 30,000 staff. He observed the master plan of the village and its key facilities that support the company’s business strategy and product development. He also reviewed the specifications of the buildings, constructed to the highest standards, and the diverse services provided to employees, including restaurants, cafes, entertainment venues, and rest areas. The center also offers easy access via train

Volue Welcomes TA Associates as New Strategic Investor13.2.2026 12:15:00 EET | Press release

Volue, a global leader in electrification and energy technology, today announced that TA Associates (“TA”), a leading global private equity firm, has joined as a new strategic investor alongside Advent International (“Advent”), Generation Investment Management (“Generation”) and Arendals Fossekompani. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260213436945/en/ Over the past 18 months, Volue has undergone a strategic transformation to sharpen its focus on the energy sector. During this period, Volue divested non-core activities and invested in targeted R&D innovation and strategic acquisitions to further position Volue as a leading provider of integrated technology solutions for power trading and generation, grid optimization, and energy market intelligence. Operating at the center of one of the most mission-critical markets of our time, Volue provides technology that enables utilities, grid operators, traders, and energy

ABB strengthens electrical engineering advisory capabilities in Europe with Premium Power acquisition13.2.2026 11:30:00 EET | Press release

ABB today announced it has entered into an agreement to acquire Premium Power, a leading electrical engineering consultancy headquartered near Dublin, Ireland. For more than two decades, Premium Power has established its reputation as a trusted advisor to large customers, particularly in data centers, pharmaceutical manufacturing and other mission-critical sectors where electrical resilience, uptime and regulatory compliance are essential. The transaction is expected to close in the first quarter of 2026. Financial terms were not disclosed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260213161407/en/ Paula O'Neill, Managing Director, Premium Power (L) and Owen Flood, Local Division Manager, ABB Electrification Service (R) As demand for electrification accelerates and power systems become more complex due to digitalization, renewable integration and grid constraints, customers increasingly require specialist advisory suppo

EnergyAustralia, Enerven and NHOA Energy Mark Financial Close and Project Launch of the 245 MWh Hallett Battery in South Australia13.2.2026 09:00:00 EET | Press release

NHOA Energy, global provider of utility-scale energy storage systems, today marked together with EnergyAustralia and Enerven the official project launch of a 245 MWh Battery Energy Storage System (BESS) in Hallett, near the town of Canowie, in South Australia, following the achievement of financial close and the project’s transition into the delivery phase. The milestone was announced today during a project launch ceremony held at the Hallett Power Station, attended by representatives of EnergyAustralia, Enerven, NHOA Energy, government, Traditional Owners and local community stakeholders. Owned and developed by EnergyAustralia, the Hallett BESS is being built alongside the existing Hallett gas-fired power station and represents the first stage of a broader site development. As delivery partner for Stage 1 of the project, NHOA Energy will supply a Battery Energy Storage System delivering 245 MWh of guaranteed usable energy capacity (50 MW with five hours of storage) at Beginning of Lif

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye