• Thursday, Oct 01, 2020
  • Last Update : 06:38 pm

India's Serum Institute to get $150mn from Gates Foundation for Covid-19 vaccine

  • Published at 05:39 pm August 7th, 2020
Coronavirus Vaccine
File photo: A small bottle labeled with a 'Vaccine' sticker is held near a medical syringe in front of displayed 'Coronavirus Covid-19' words in this illustration taken on April 10, 2020 Reuters

GAVI, backed by the Gates Foundation, is a public–private global health partnership with the goal of increasing access to immunization in poor countries

Serum Institute of India said on Friday it would receive $150 million in funding from the Bill & Melinda Gates Foundation and the GAVI vaccines alliance to make 100 million Covid-19 vaccine doses for India and other emerging economies as early as 2021.

The candidate vaccines, including those from AstraZeneca and Novavax, will be priced at $3 per dose and will be made available in 92 countries in GAVI's COVAX Advance Market Commitment (AMC), the company said in a statement.

The Gates Foundation will provide the funds to GAVI, which will be used to support Serum Institute.

GAVI, backed by the Gates Foundation, is a public–private global health partnership with the goal of increasing access to immunization in poor countries.

Its co-leads COVAX - a scheme designed to guarantee fast and equitable access globally to Covid-19 vaccines - along with the World Health Organization and the Coalition for Epidemic Preparedness Innovations (CEPI).

COVAX aims to deliver 2 billion doses of approved and effective Covid-19 vaccines by the end of 2021.

India reported a record jump in daily coronavirus infections on Friday and became the third country in the world to surpass 2 million cases. It lags only the United States and Brazil in the number of infections.

52
51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail