Obama announces new funding for HIV/AIDS research

(Reuters) – President Barack Obama on Monday announced a boost to funding for research into HIV/AIDS prevention and pledged up to $5 billion to support an international effort aimed at combatingU.S. President Barack Obama applauds his audience during an event held in observance of World AIDS Day at the White House in Washington HIV/AIDS.

Speaking at the White House to mark World AIDS Day, the president said the United States would contribute $1 for every $2 pledged by other donors over the next three years to support The Global Fund, an international financing institution that fights AIDS, tuberculosis and malaria.

Obama also said he would redirect $100 million into a National Institutes of Health program to research a cure for HIV, the human immunodeficiency virus that causes AIDS. “The United States should be at the forefront of new discoveries into how to put HIV into long-term remission without requiring lifelong therapies – or, better yet, eliminate it completely,” Obama said at an event attended by Secretary of State John Kerry and software magnate Bill Gates, whose foundation has pledged up to $500 million for The Global Fund.

Continue reading on Reuters online.

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