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0 pointsopendomain12y ago0 comments

Ian- YOU developed the vaccine for HIV? Were you part of some team from a university? Or did some other company develop the real science and you are partnering with them? How can you offer everyone in the world a free vaccine for your crowdfunding target of only $500K? where does the money you raise go?

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4 comments · 2 top-level

simonk12y ago· 2 in thread

If you look at the fundraising page they have a budget but it looks like the $500k just pays for the next experiment it wont even get them to Phase 1. Microsoft Research gave them $1M to get this far.

opendomainOP12y ago

I did some more research and would really like a clarifcation of this project.

First of all - Flow Pharma is the inventor of the vsaccine - they are a FOR PROFIT angel backed company. Why do they need crowdfunding?

Second - How does Immunity project work? It seems that the real non-profit is "Until there is a cure". So you are donating money to them, which then give the money to the immunity project which pays for a trial of an unproven drug for a FOR prfit company.

This is a fantastic project and I promise I will donate if you have full disclosure. thank you for doing this.

naveenspark12y ago

More then happy to give you the full details on how we've set this up: the vaccine is being developed by Flow Pharma Inc. Instead of setting up our own 501(c)3, we setup a fiscal sponsorship agreement with Until There's A Cure, a leading HIV/AIDS focused 501(c)3. We are operating the project as a non profit even though our entity type is technically a corp. In other words we are obligated to follow 501(c)3 rules and regulations, and we are obligated to give our vaccine away for free regardless of our entity type. The primary reason we did this is because its much better to work with a well established 501(c)3 that has team members who can help provide validation and support then to start from scratch on your own. It is also much faster to do this then setup your own 501(c)3.

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icinnamon12y ago

Our Immunity Project Science team, led by Dr. Reid Rubsamen, developed the vaccine. The $500K pays for our final experiment before we begin our Phase I Clinical Trials. We've already conducted over a decade of research and two years of pre-clinical trials with overwhelming success.

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