Coronavirus: Bill Gates to fund new factories for 7 potential vaccines

Coronavirus: Bill Gates to fund new factories for 7 potential vaccines

- Bill Gates will be funding the construction of factories for seven different potential coronavirus vaccines

- The billionaire businessman and philanthropist says two of the vaccines will eventually be picked

- The decision to fund seven different potential coronavirus vaccines when only two will be picked will waste billions of dollars, but Gates says he does not care

- Gates says it is worth doing so in the current situation the world finds itself

Billionaire businessman and philanthropist Bill Gates has said he will be funding the construction of factories for seven different potential coronavirus vaccines.

The businessman, who made the disclosure on Trevor Noah's The Daily Show, said two of the vaccines will eventually be picked after billions of dollars has gone into the seven vaccines.

Legit.ng notes that Gates said: "Because our foundation has such deep expertise in infectious diseases, we've thought about the epidemic, we did fund some things to be more prepared like a vaccine effort, our early money can accelerate things."

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He said it is worth wasting a few billion where there is trillions of dollars lost in the current situation the world finds itself.

His words: "Even though we'll end up picking at most two of them, we're going to fund factories for all seven just so we don't waste time in serially saying 'ok which vaccine works' and then building the factory.

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"It'll be a few billion dollars we'll waste on manufacturing for the constructs that don't get picked because something else is better. But a few billion in this situation we're in, where there's trillions of dollars [...] being lost economically, it is worth it."

Legit.ng previously reported that Gates promised to donate 1.8 billion naira to help fight the spread of coronavirus in Africa.

Gates through his foundation, Bill and Melinda Gates Foundation, said he would remit a total of 3.6 billion naira, which would be divided equally between China and Africa.

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The N1.8 billion allocated for Africa will be used to create centres for disease control and prevention for screening and crisis preparedness in countries that will be deemed to be at high risk of being infected with the dreaded virus.

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Source: Legit Newspaper

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