Many people are paying attention to every word of American billionaire and conscious Bill Gates about the American response to the epidemic in the age of coronavirus. However, much less attention is paid to what Gates actually invested his wealth: Gates is buying the coronavirus vaccine they will need next year in other parts of the world.
Gates said on Friday that he and his foundation will spend $150 million to distribute vaccines (if found) to some of the poorest people in the world. This is one of the biggest financial commitments made to the coronavirus by Gates, the world’s second richest man. The Gates Foundation donated the money to the Serum Institute, the world̵
In the past two decades, Gates has been one of the most important leaders in vaccine production, spending 4 billion US dollars on global vaccine research and development, and this is Gavi. For months, the billionaire has expressed deep concern that rich countries may survive the coronavirus, but the pandemic will destroy poor countries that cannot afford such treatment, as long as the disease comes. .
In an interview with Bloomberg this week, Gates said: “We are working hard to ensure that this situation can end not only in rich countries.” He emphasized that he will focus on vaccines that are affordable in developing countries, such as The pharmaceutical companies AstraZeneca and Novavax are pursuing it. “Those are the most scalable and low-cost products.”
What Gates is actually doing is deploying his bank account to set the “maximum price” for vaccines developed by the two companies. The serum company is preparing to produce these vaccines for India, where the serum company is located, and as many as 91 other poor or middle-income countries.
The Gates Foundation has now pledged a total of approximately US$500 million in response to the pandemic, although the US$150 million announced last Friday is technically interest-free and forgivable loans. Most of the $500 million is used for basic work on vaccine expansion.
Part of the Foundation’s plan to vaccinate the world does depend on ultimately proving which vaccine is the most effective in protecting us from the disease. Twenty-eight possible vaccines have been tested in humans. Each vaccine has a different manufacturing cost and requires different materials and precision. Some leading vaccine candidates, such as those pursued by Moderna and Pfizer, may have higher production costs because they are fundamentally more expensive RNA vaccines.
“Due to the way they are manufactured and the difficulty of scaling up, if they help, they are more likely to help in rich countries. They will not become a low-cost, scalable solution for the entire world,” Gates is accepting WIRED Said in the interview.
Then there is the profit margin. The vaccine industry has pledged to keep its profits from the Covid-19 vaccine at a low level, although it does not necessarily have to be sold at cost.
Therefore, Gates’ impact depends on what happens in the research laboratory. If cheaper vaccines (such as those produced by Serum Corporation) prove to be the strongest, it will become easier and cheaper to protect people in poor countries. Gates is already collaborating with other vaccine researchers, such as Johnson & Johnson, which is also looking for a low-cost vaccine to ensure a dose for developing countries.
To Gates’ advantage, his foundation has extensive experience in distributing cheap vaccines worldwide. In the past two decades, Gates has invested more than US$4 billion in Gavi. According to the Gates Foundation’s estimates, the vaccine has immunized 750 million children and saved 13 million lives.
Before the announcement on Friday, Gates had pledged to Gavi to provide $100 million specifically for the purchase and delivery of the Covid-19 vaccine. In June, Gates promised to send $1.6 billion to Gavi in the next five years for its broader vaccine work.
Therefore, although Gates cannot control the price of vaccines, he does bring great credibility and has a good track record of making his billions of dollars dedicated to distributing vaccines as cheaply as possible through tested supply chains.
The other thing Gates can control is his voice. Since the American pandemic in March, he has been interviewing the tour to shine, but in the past few days, he has tried again and seems to appear suddenly in various places.
His news? The US government not only needs to consider Americans. Therefore, Gates put pressure on lawmakers in the upcoming relief bill, asking them to invest more money in Garvey without succumbing to “vaccination nationalism.”
He told Wired magazine: “I talked to Pence, I talked to Pompeo Mnuchin-especially on the question of’Does the United States appear to provide funding for vaccine purchases in developing countries? ?”. “There have been many meetings, but we have not been able to get the United States to participate.”
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