Yes, recently Gates Foundation has pledged an additional $250 million to accelerate development and equitable distribution of COVID-19 tests, treatments, and vaccines to end the pandemic.
Bill and Melinda gates also call for collaboration, continued innovation to overcome challenges of delivering COVID-19 scientific breakthroughs to the world. They also thanked the global scientific community, to achieve the exciting medical breakthroughs needed to end the pandemic.
This is the foundation’s largest single contribution to the COVID-19 response to date, builds on the partnerships and expertise it has established over the last 20 years. This funding will support continued innovation to develop tests, treatments, and vaccines that are easier to scale and deliver, to ensure there are many options that are less expensive and can be used in different settings.
This announcement brings the foundation’s total commitments to the global COVID-19 response to $1.75 billion. This draws from three sources, including new funding commitments above the foundation’s planned annual program budget; at-risk financing from the foundation’s Strategic Investment Fund; and a portion of funds channeled from foundation programs where grantees identified urgent needs or had unique expertise to mitigate the effects of the pandemic.
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