Bill Gates to spend billions of dollars to build manufacturing capacity for 7 potential COVID-19 vaccines

Health

The Gates Foundation is channeling a few billion dollars into the building of factories to facilitate testing of 7 possible vaccines for the Wuhan CCP Coronavirus pandemic.

The initiative was revealed by Bill Gates himself in ‘The Daily Show’ interview on April 3.

According to the billionaire philanthropist, his foundation has the capacity to work towards finding a vaccine to cure the virus much quicker than the government.

He credits the effort to the well-rounded expertise on infectious disease his foundation has.

They have been thoroughly involved with the updates of the virus since the beginning, carrying out research and expanding collaborations with other organizations in funding scientists and medical experts in finding a cure.

“It’ll be a few billion dollars we’ll waste on manufacturing for the constructs that don’t get picked because something else is better, but a few billion in this, the situation we’re in, where there’s trillions of dollars … being lost economically, it is worth it,” Gates elaborated in a Washington Post article.

The Gates Foundation will be choosing the top seven candidates with the most promising vaccine characteristics and provide them full manufacturing capacity to build and test the vaccines.

Gates explained that despite only one or two out of the seven vaccines might potentially get picked eventually, it’s best to fund all seven as it is highly time efficient.

He estimated that it could take about 18 months for the factories to be up and running, With the rate that the virus is spreading, he strongly believes that every month is essential. One of the seven potential vaccines include the Moderna-NIAID vaccine.

It was funded by the Coalition for Epidemic Preparedness Innovations, (CEPI) in Oslo, Norway. First phase of human trials using the vaccine came into effect on March 16, and is being continuously tested and upgraded from time to time.

The Gates Foundation, run by Bill Gates and his wife Melinda, have already pledged millions of dollars to work on overcoming the CCP coronavirus pandemic. Source: Business Insider