The wealthy Bill & Melinda Gates Foundation called Wednesday for global cooperation to ready COVID-19 vaccines for seven billion people, while offering $150 million toward developing therapeutics and treatments for the virus.
While it is likely to take as many as 18 months to develop and fully test a safe coronavirus vaccine, global authorities and businesses need to start now on plans to manufacture it, said foundation chief executive Mark Suzman.
“It’s normal to have, at maximum, hundreds of millions of doses manufactured,” he said.
“When you are dealing with a novel pathogen like COVID-19, as and when we get to identifying a successful vaccine, we are going to need billions of doses.”
“There are seven billion people on the planet,” he said. “We are going to need to vaccinate nearly every one. There is no manufacturing capacity to do that.”
Suzman announced the foundation, started and controlled by mega-billionaire Microsoft founder Bill Gates and his wife Melinda Gates, is adding $150 million to the $100 million it announced in February to help in international efforts to battle the coronavirus pandemic.