Money well spent

Medicines for Malaria Venture, estimated health benefits per $1 invested, 2000–23. Base case

Note: scenarios vary the discount rate, the disability-adjusted life-years (DALYs) averted and how health gains are valued in money (income elasticity). The authors include MMV and UK government staff.
Source: Christen et al., The Lancet Global Health (2026)

Estimated benefit-cost ratio of investment in MMV, by scenario
ScenarioBenefits per $1 invested
Higher DALY estimate$16.32
Higher discount rate (5%)$14.07
Base case$12.99
Lower discount rate (2%)$12.31
Lower DALY estimate$8.98
Higher income elasticity$3.84