Gates Foundation Sells Off Most Health-Care, Pharmaceutical Holdings


	Gates Foundation Sells Off Most Health-Care, Pharmaceutical Holdings

rmowery

8-19-2009 2:33 AM

83 views

tags:

gates, healthcare, investments, stock

rmowery says:

Wow, talk about a sizeable investment portfolio!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d9ef8ff3-6f4e-4aed-8e71-2f42e06cc8ad/0F24CF1D-AD89-4E40-9523-51EDE46861AB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ethiopianreview.com/articles/24611" href="http://www.ethiopianreview.com/articles/24611" style="font-size: 11px;">www.ethiopianreview.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ethiopianreview.com/articles/24611"><H2 id="post-24611"><A rel="bookmark" href="http://www.ethiopianreview.com/articles/24611">Gates Foundation Sells Off Most Health-Care, Pharmaceutical Holdings</A></H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ethiopianreview.com/articles/24611"><SPAN><SPAN>SAN FRANCISCO — The Bill and <SPAN class="IL_LINK_STYLE">Melinda Gates Foundation</SPAN>, the world's largest private philanthropy fund, sold off almost all of its pharmaceutical, biotechnology and health-care </SPAN><SPAN class="IL_LINK_STYLE">investments</SPAN> in the quarter ended June 30, according to a regulatory filing published Friday.</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ethiopianreview.com/articles/24611"><P>The Seattle-based charity endowment, set up by Microsoft Corp. founder Bill Gates and his wife, sold its total holding of 2.5 million shares in health-care giant Johnson & Johnson in the quarter, according to the filing.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ethiopianreview.com/articles/24611"><SPAN><SPAN class="IL_LINK_STYLE">The foundation</SPAN> also sold millions of shares in major drug makers, including 14.9 million shares in Schering-Plough Corp., almost 1 million shares in Eli Lilly & Co., 8.1 million shares in Merck & Co. and 3.7 million shares in Wyeth, over the same time period. <SPAN class="IL_SPAN"><INPUT type="hidden" name="IL_MARKER" />The foundation</SPAN> no longer holds shares in any of those companies.</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ethiopianreview.com/articles/24611"><P><SPAN>The only life science-related holding <SPAN class="IL_SPAN"><INPUT type="hidden" name="IL_MARKER" />the foundation</SPAN> retains is a 3 million-share stake in Seattle Genetics Inc.</SPAN></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0F24CF1D-AD89-4E40-9523-51EDE46861AB/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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