Bill Gates and his foundation are making a major contribution to helping distribute an affordable vaccine
Bill Gates has always been passionate about providing vaccines to the parts of the world that lack resources. On Friday he came through again by announcing that the Bill and Melinda Gates Foundation is committing $150 million toward efforts to develop and distribute a low cost COVID-19 vaccine to some of the poorer countries of the world.
According to Vox, this latest financial commitment brings the total Gates has dedicated to the pandemic to around $500 million. He is hoping the funds will keep vaccine costs down to increase accessibility beyond just the wealthier populations. As Gates told Bloomberg, "We're trying to make sure we can end it not just in the rich countries." Gates is working with the Serum Institute, which is the most prolific vaccine producer in the world, to make 100 million doses that would not exceed $3. In general, companies producing the vaccine have agreed to keep the profit margin low."
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