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Anonymous ID: f26888 Feb. 10, 2024, 7:39 a.m. No.20390087   🗄️.is đź”—kun   >>0116

>>20390050

The Wellcome Trust was founded in 1936, in accordance with Henry Wellcome’s will, to improve health by supporting scientific research and the study of medicine. Funding for this mission came from the profits of the pharmaceutical business he had built up over 50 years.

 

In 1880, Silas Burroughs and Henry Wellcome, two pharmaceutical salesmen from America, started a new company in London called Burroughs, Wellcome & Co. They used mass production and proactive marketing to sell remedies and medicines throughout the UK and territories colonised by the British, building the company’s reputation on scientific rigour.

 

Henry Wellcome became a wealthy and prominent figure in the growth of the modern pharmaceutical industry. After his death in 1936 (Silas Burroughs had died in 1895), the company became the property of the newly formed Wellcome Trust, which used the profits to fund charitable activities supporting research related to health.

 

Despite financial difficulties after World War II, the business began to thrive again, pioneering a new approach to drug design. Successful products included the first leukaemia drug, immune suppressants for organ transplants, and antivirals such as AZT, the first drug approved to treat HIV.

 

Towards the end of the 20th century, the Wellcome Trust decided to sell the company, which is now part of GlaxoSmithKline and no longer has any ownership or governance relationship with Wellcome. We do work with GlaxoSmithKline, as we work with many other healthcare companies, when it helps us to achieve our mission.

 

The considerable proceeds from the sale gave the Wellcome Trust financial independence. Today, we invest in a wide range of financial assets around the world, and the returns from our portfolio – currently worth around £38 billion – fund everything we do.

 

https://wellcome.org/who-we-are/history-wellcome

 

The Cult of Beauty

26 October 2023 – 28 April 2024

Now on

Free

Exhibition

 

https://wellcomecollection.org/exhibitions/ZJ1zCxAAACMAczPA

 

The Wellcome Trust is a charitable foundation focused on health research based in London, in the United Kingdom. It was established in 1936 with legacies from the pharmaceutical magnate Henry Wellcome (founder of Burroughs Wellcome, one of the predecessors of GSK plc) to fund research to improve human and animal health. The aim of the Trust is to "support science to solve the urgent health challenges facing everyone." It had a financial endowment of ÂŁ29.1 billion in 2020,[4] making it the fourth wealthiest charitable foundation in the world

https://en.wikipedia.org/wiki/Wellcome_Trust

Anonymous ID: f26888 Feb. 10, 2024, 7:45 a.m. No.20390116   🗄️.is đź”—kun   >>0119

>>20390087

>It had a financial endowment of ÂŁ29.1 billion in 2020,[4] making it the fourth wealthiest charitable foundation in the world

 

Value of Wellcome’s investments passes £25 billion

The value of our investments portfolio grew to almost ÂŁ25.9 billion by 30 September 2018, strengthening our ambition to spend more than ÂŁ5 billion over five years on our charitable activities.

 

Wellcome’s latest Annual Report and Financial Statements, published today, details the returns on our investments and our income and expenditure. It also highlights some of the activities we have supported as a politically and financially independent foundation that exists to improve health by helping great ideas to thrive.

 

For example, 2018 was the centenary of the flu pandemic that is thought to have infected a third of the world’s population, killing at least 50 million people.Wellcome created Contagious Cities,an international cultural project in New York, Hong Kong and Geneva, to spark and support local conversations about the global challenges of preparing for epidemics. This is one way we help everyone to get involved with science and health research.

 

https://wellcomecollection.org/pages/Wuw2MSIAACtd3Stq