Path Drug Solutions

Organization Overview

Path Drug Solutions is located in Seattle, WA. Path Drug Solutions is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2018, Path Drug Solutions generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

SEE PART III, LINE 1.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN NOVEMBER 2017, THE PDS BOARD DISCUSSED DISSOLUTION PDS. IN 2018, A NUMBER OF ACTIVITIES WERE CARRIED OUT TO COMPLETE THE DISSOLUTION PROCESS, INCLUDING PRODUCT PATENT TRANSFERS FROM PDS TO PATH, ENGAGEMENT OF LEGAL COUNSEL FOR DISSOLUTION PROCEDURES, AND OTHER ADMINISTRATIVE WORK. ON DECEMBER 31, 2018, THE DISSOLUTION OF PDS WAS FORMALLY RECOGNIZED BY THE CALIFORNIA SECRETARY OF STATE.IN JANUARY 2018, FOLLOWING THE CONCLUSION OF THE PHASE 2 CLINICAL STUDY OF RILPIVIRINE LA, A LONG-ACTING INJECTABLE DRUG TO PREVENT INFECTION WITH HIV WHEN USED BEFORE EXPOSURE, PDS COMPLETED ALL REMAINING STUDY CLOSE-OUT ACTIVITIES. THE INVESTIGATIONAL NEW DRUG APPLICATION FOR RILPIVIRINE LA HAS BEEN PLACED IN AN INACTIVE STATUS WITH THE US FOOD AND DRUG ADMINISTRATION, AND THE PROJECT IS NOW FINISHED.IN 2018, PDS CONTINUED WORK TO REDUCE THE BURDEN OF VISCERAL LEISHMANIASIS, ALSO KNOWN AS KALA-AZAR. KALA-AZAR IS A PARASITIC DISEASE COMMON IN AFRICA AND ASIA AND IS ALMOST ALWAYS FATAL IF LEFT UNTREATED. PDS SUPPORTED THE GOVERNMENT OF NEPAL IN ACTIVE CASE DETECTION USING BOTH A CAMP-BASED APPROACH AND AN INDEX CASE-BASED APPROACH IN KALA-AZAR ENDEMIC DISTRICTS. PDS ALSO HOSTED AN INTERNATIONAL POST-KALA-AZAR DERMAL LEISHMANIASIS (PKDL) CONSORTIUM MEETING TO PROVIDE GUIDANCE ON IMPROVING DIAGNOSIS, TREATMENT, AND FOLLOW-UP OF PKDL CASES.TO BUILD CLINICAL RESEARCH CAPACITY IN INDIA, PDS WORKED TO FURTHER DEVELOP AND IMPLEMENT A CLINICAL RESEARCH TRAINING AND MENTORSHIP PROGRAM. THIS WORK WAS DONE IN COLLABORATION WITH THREE NATIONAL CLINICAL RESEARCH RESOURCE CENTERS SPECIALIZING IN PHARMACOVIGILANCE, RESEARCH ETHICS, AND DATA MANAGEMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen B Davis
Board Chair & President
$0
Olivia D Polius
Treasurer & CFO
$0
Daniel Laster
Secretary
$0
David C Kaslow
Director
$0
Jorge Flores
Director
$0
Keith Chirgwin
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,830,607
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,830,607
Total Program Service Revenue$0
Investment income $141,556
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,972,163

Grants Awarded

Over the last fiscal year, Path Drug Solutions has awarded $4,621,896 in support to 4 organizations.

Grant RecipientAmount

ST LOUIS UNIVERSITY

PURPOSE: PRODUCT DEVELOPMENT

$253,110

YALE UNIVERSITY

PURPOSE: PRODUCT DEVELOPMENT

$45,692

PATH

PURPOSE: GENERAL SUPPORT

$3,835,141

CLINTON HEALTH ACCESS INITIATIVE INC

PURPOSE: PRODUCT DEVELOPMENT

$487,953
View Grant Profile

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