Max-Planck-Gesellschaft - Leading research organisations announce top-tier, open access journal for biomedical and life sciences

"The Howard Hughes Medical Institute, the Max Planck Society and the Wellcome Trust announced today that they are to support a new, top-tier, open access journal for biomedical and life sciences research. The three organisations aim to establish a new journal that will attract and define the very best research publications from across these fields....The first issue of the journal, whose name has yet to be decided, is expected to be published in the summer of 2012....The journal will be an open access journal, i.e. the entire content will be freely available for all to read, to reproduce and for unrestricted use. This open access system will also enhance opportunities to share content and to more directly engage the reader. The three organisations have made a commitment to cover costs of launching the journal to ensure its success. The long-term business model will be developed by the incoming Editor-in-Chief and the team they build...."