Bill and Melinda Gates donate $1/2 Billion to accelerate manufacturing of Covid-19 vaccines

This batch of manufactured vaccines will be targeted at low-income countries.

Since February, the foundation has donated more than $350 million to support the global response to the Covid-19 pandemic. This includes a $100 million commitment to Gavi’s Covid-19 Vaccine Advance Market Commitment (COVAX AMC), in which Gavi guarantees the price of Covid-19 vaccines once they have been developed.

The additional $150-million, at-risk funding will help SII manufacture candidate vaccines from two pharmaceutical companies, AstraZeneca and Novavax. About 100 million doses of vaccines are expected to be made available to 92 countries at a maximum price of US$3 per dose.

Source: The Gates Foundation Commits Another $150 Million to Accelerate Covid-19 Vaccines – Barron’s

Gates’ previously announced funding for 7 vaccine manufacturing lines.

The effort might cost him billions of dollars and end without a viable vaccine. But Gates thinks it’s something that needs to be done as soon as possible, and that it’s time that we can’t afford to waste.