Gates Invests In $3 COVID Vax For Poorer Countries

The Wall Street Journal reports:

A coronavirus vaccine will be available to poorer countries for less than $3 a dose under a new partnership between the Gates Foundation and the Serum Institute of India, the world’s largest vaccine maker.

The collaboration is meant to ensure up to 100 million doses of a COVID-19 vaccine will be available for distribution quickly to low- and middle-income countries. The arrangement also provides an option to secure additional doses if needed.

It comes as other governments around the world, especially in the U.S., are moving quickly to secure vaccine production and distribution rights with pharmaceutical companies.

The Bill & Melinda Gates Foundation said it is backing the world’s largest vaccine maker to churn out 100 million doses of coronavirus vaccine for poorer countries and price them at less than $3 https://t.co/uhI0feXwls

— The Wall Street Journal (@WSJ) August 7, 2020

India’s Serum Institute to get $150 million from Gates Foundation for COVID-19 vaccine https://t.co/o67wyTJdLg pic.twitter.com/K2V1aQRD85

— Reuters (@Reuters) August 7, 2020