Gates commits $150M to make $3 COVID-19 vaccines for vulnerable nations


The Bill and Melinda Gates Foundation has committed $150 million towards manufacturing 100 million doses of potential COVID-19 vaccines specifically for low- and middle-income countries. Gates‘ millions ensure the Serum Institute of India can produce enough volume once a vaccine acquires regulatory approval, and ultimately keep the cost of each dose below $3. The end goal is to deliver doses to 92 vulnerable countries around the world — so that they aren’t left behind once an effective vaccine hits the market. Gates-backed non-profit Gavi will also contribute funding. [Read: Bill Gates to fund 7 coronavirus vaccines for quicker results, likely ‘wasting’ billions] “Researchers are making…This story continues at The Next Web