Even if the malaria vaccine is the only thing that pans out, it would have been worth it: http://www.forbes.com/sites/matthewherper/2011/10/18/glaxosm...
The net loss to society from this is far greater than the value of whatever money Bill Gates is trying to throw around after the fact.
That is a simply insane stance, if you really believe that.
You present little data and much hand-waving to back that claim up.