Gates Foundation to allocate another $70 million to create a vaccine against COVID-19




Additional funding for the development of a vaccine against coronavirus infection will again come from the Gates Foundation of Patrons. $70 million will be provided. The Gates hope this will inspire other donors.





The Bill & Melinda Gates Foundation of American Philanthropists will provide an additional $70 million to develop and distribute the COVID-19 vaccine. This was reported by the press service of the fund on Thursday, November 12, writes The Hill.

The Foundation's Co-Chair, Melinda Gates, is set to announce additional funding at the Paris Peace Forum, where international organizations will meet to discuss responses to the pandemic.

Thus, the Fund will allocate 50 million for the COVAX Advance Market Commitment (AMC) program, which is implemented by the Global Alliance for Vaccines and Immunization (GAVI) for 92 low and middle-income countries.

An additional $20 million will go to the Coalition for Epidemic Preparedness Innovation (CEPI), which is funding several vaccine development efforts undergoing trials and approval processes.

“COVID-19 is everywhere — COVID-19 is everywhere. That is why we must ensure everyone has equal access to tests, drugs, and vaccines when they are available — no matter where you live in the world,” the statement said.

The Gates hope their donation will inspire other international donors.

In June, it became known that Gates will give $100 million to distribute the COVID-19 vaccine. The billionaire believes that it is necessary to produce at least two billion doses of the vaccine a year to reduce the problem of coronavirus infection.

It was also previously written that the world has a new hope — the Pfizer vaccine against coronavirus. The developers of the vaccine drug called their report “a great day for science and humanity.”





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TAGS: BILL GATES, COVID-19, VACCINE, CORONAVIRUS

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